2014-16; see "Tax Practice Corner: Automatic Consent for Changing Accounting Methods
Under the 'Repair Regs.
Like domestic taxpayers, foreign corporations are subject to the general rules regarding the adoption of permissible accounting methods
for items of income and expense, subject to certain rules in Regs.
Citing as "unduly burdensome" new Internal Revenue Service requirements to modify all Forms 3115 in progress to comply with new rules on changing accounting methods
the AICPA d issued a comment letter to the Internal Revenue Service requesting they allow for transition time.
Tuttle's study reflects new actuarial accounting methods
put into effect this year as required by the City Charter.
Zarzar of PricewaterhouseCoopers LLP spoke at the March 14 dinner meeting, focusing on accounting methods
, particularly in the inventory areas.
The cumulative effects of these changes in accounting methods
resulted in a $81,771,000 ($.
By accounting at fair value, this change opens the institutional market which had been limited by earlier accounting methods
that discouraged investment.
Usually, corporations can obtain permission to change accounting methods
if there are valid business reasons for making the change.
The taxpayers disagreed with this adjustment and asked the Tax Court for relief, arguing that they had not changed accounting methods
but instead had made a mathematical error.
Robert Call and Scott Remington of Grant Thornton conducted a workshop on tax accounting methods
at the Portland Chapter's October 12 meeting.
For the first nine months of 1993, income before the cumulative effects of changes in accounting methods
, recorded in the first quarter of 1992, increased 14.
NYSE:BBW), an interactive, entertainment retailer of customized stuffed animals, announced that it is reviewing its lease related accounting methods