August 2011 issue

Accounting Methods Spotlight

This publication provides timely updates on a range of federal income tax issues including accounting methods and inventories, depreciation, long-term contract accounting, leasing, fringe benefits, and other miscellaneous tax issues.

This month's features:

  • There is still time to file automatic accounting method changes for calendar year 2010
  • Automatic accounting method changes from one permissible depreciation method to another permissible method are made on a cut-off basis
  • IRS issues final regulations under ยงยง 195, 248 and 709
  • FFA 201112701F: Bank enterprise award payments
  • Overview of a change in method of accounting for sale, lease, or financing transactions
  • Treasury and IRS 2010-2011 Priority Guidance Plan: Year in review

Accounting Methods Spotlight archive