IRS Outlines Procedures For Accounting Method Changes
In Revenue Procedure 2014-16, the IRS supplemented a set of final regulations for tangible property, T.D. 9636, released in September, which required approval from the IRS before a business could change its accounting method.
T.D. 9636 included rules for materials and supplies, repairs and maintenance, capital expenditures, and acquisition and...
To view the full article, register now.