November 2013 issue

| November 2013

Overview

In this month’s Accounting Methods Spotlight, taxpayers are reminded of the 90-day window available for filing Form 3115. This month's issue also discusses updated examiner guidance addressing Section 199 ‘benefits and burdens’ issues, a field attorney advice reiterating that cash bonuses are not deductible until the year of payment, and two private letter rulings concluding that up-front incentive payments are currently deductible. In addition, this month's issue discusses the long awaited release of a Tax Court decision addressing the Section 199 benefits and burdens test in the contract manufacturing context.

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