Tax Insight

Accounting Methods Spotlight Q1 2026

  • Insight
  • 5 minute read
  • March 31, 2026

This quarter’s Accounting Methods Spotlight features: 

  • Stipulated settlement reached on Section 199 software issue
  • IRS, Treasury provide options on Section 163(j)(7) elections
  • Accuracy-related penalty standards and procedures for penalty application updated
  • Annual private letter ruling (PLR) and accounting method/accounting period change procedures issued 
  • Updates made to Form 4562 and instructions
  • Comments requested on reporting fines and penalties on Form 1098-F

Accounting Methods Spotlight Q1 2026

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Ed Geils

Ed Geils

Global and US Tax Knowledge Management Leader, PwC US

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