New IRS rulings provide guidance on tax accounting method issues

| January 2014

Overview

In this month’s Accounting Methods Spotlight, taxpayers are reminded to carefully consider settlement agreement language and descriptions, as it may determine deductibility. This month's issue also discusses final regulations on the treatment of sales-based royalties and sales-based vendor allowances, the treatment of cooperative advertising allowances, and whether a hotel owner was entitled to bonus depreciation for properties it constructed.

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