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IRS Prop. Reg.: Comments Submitted on Taxable Year of Inclusion Guidance for Accrual Method of Accounting (IRC §451)

Dec. 2, 2019, 10:04 PM

Public comments released December 2 on REG-104870-18 that would provide that the applicable financial statement income inclusion rule generally applies to accrual method taxpayers with an AFS when the timing of income inclusion for one or more items of income is determined using the all events test. [Comments from Anonymous Taxpayer]

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