Private calendar year filers have less than seven months until the new “Revenue from Contracts with Customers” standard (“ASC 606”) comes into force. Already effective for public companies, ASC 606 ...
On May 10, 2018, the Internal Revenue Service (IRS) issued Rev. Proc. 2018-29, 2018-21 I.R.B. 1, which provides automatic accounting method change procedures for taxpayers seeking to align methods of ...
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