Congress Should Ditch BigLaw Cash Accounting, LIFO: Report

By Matthew Villmer (May 6, 2014, 2:43 PM EDT) -- Congress should pay special attention to 23 specific tax reform proposals in House Ways and Means Chairman Dave Camp's latest tax reform bill, two public interest groups said Monday, including ditching the "last in, first out" accounting method and requiring BigLaw to switch to the accrual accounting method....

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