July 2013

Accounting Methods Spotlight

In this month’s Accounting Methods Spotlight, taxpayers are informed of an important revised proposal issued by the Financial Accounting Standards Board that calls for significant lease accounting changes. This month's issue also provides insight on a range of recent IRS guidance, including rulings on whether: payments for limited use of a supplier’s marks need to be capitalized; a written collaboration agreement constitutes a partnership for federal income tax purposes; and a taxpayer was entitled to claim additional basis in stock from any excluded discharge of indebtedness income. In addition, this month’s issue contains guidance on whether structural improvements qualify as real estate assets, and whether a partner was allowed to report the sale of unrealized receivables under the installment method.



Accounting Methods Spotlight archive