September 2013

| September 2013

Overview

In this month’s Accounting Methods Spotlight our readers receive brief highlights on the recently released final tangible property ‘repair’ regulations, the refundable AMT credit, and the 2013-2014 IRS Priority Guidance Plan. This month's issue also discusses a recent industry director directive on the Section 199 ‘benefits and burdens’ test, IRS' Action on Decision not to acquiesce in a Tax Court ruling on forbearance payments, a field attorney advice on the abandonment loss deduction, and a revenue procedure clarifying income deferral rules for gift cards. In addition, this month's issue takes a look at a court decision on whether there was a transfer of goodwill in a radio station like-kind exchange and a taxpayer's petition to the Tax Court for redetermination of a tax deficiency related to the issuance of warrants.

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