Accounting Methods Spotlight Q4 2024

January 2025

This quarter’s Accounting Methods Spotlight newsletter features:

  • Final regulations issued on foreign currency
  • Comment period extended for CAMT regulations
  • IRS addresses treatment of nuclear decommissioning liability as part of applicable asset acquisition
  • Court relies on contract terms in analysis of all events test
  • IRS LB&I makes changes to some practice units
  • Updated priority guidance plan unveiled by Treasury and the IRS
  • Guidance provided on energy credit direct payments to tax-exempt entities
  • Announcement addresses interaction of CHIPS Act grants and credit
  • Proposed regulations address Section 25C PIN requirements
  • IRS releases updated model for determining a fuel’s emission reduction percentage
  • Section 45 and 179D inflation adjustments are issued

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Ed Geils

Ed Geils

Global and US Tax Knowledge Management Leader, PwC US

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