Finanse publiczne · 04/09/2003

Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5)

The IRS has revised temporary income tax regulations to provide guidance on the use of a nonaccrual-experience method of accounting by taxpayers who use an accrual method and perform services, reflecting changes to section 448(d)(5) of the Internal Revenue Code as mandated by the Job Creation and Worker Assistance Act of 2002.