New temporary rules clarify a six-year spread period for Section 481(a) adjustments after an eligible terminated S corporation changes from a cash to an accrual method of accounting. These rules apply if the corporation revokes its S corporation election during the two-year period beginning on December 22, 2017. Required Change in Accounting Method The six-year […]
The post Six-Year Spread Applies to 481(a) Adjustments After Terminated S Corporation’s Accounting Method Change (Rev. Proc. 2018-44) appeared first on Tax & Accounting Blog.