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IRS Grants Automatic Consent for "Section 118" Accounting Method Changes |
September 12, 2008
Previously published on August 25, 2008
In Rev. Proc. 2008-52, 2008-36 I.R.B. (Aug. 18, 2008), the Internal Revenue Service has granted "automatic consent" for taxpayers to change their methods of accounting under section 118 with respect to non-shareholder contributions to capital.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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