Finanse publiczne · 17/06/2021

Small Business Taxpayer Exceptions Under Sections 263A, 448, 460 and 471; Correction

This document contains corrections to the final regulations Treasury Decision 9942, that were published in the Federal Register on Tuesday, January 5, 2021. The final regulations implemented legislative changes that simplify the application of certain tax accounting provisions for eligible businesses with average annual gross receipts that do not exceed $25,000,000, adjusted for inflation.