Comment Letter on TAM 200603027 regarding LIFO Inventory Method
Comment Letter:
AICPA comment letter of 05.02.2006 regarding TAM 200603027 involving "last-in, first-out" (LIFO) inventory method. AICPA believes requiring a taxpayer to expand its ""Last-in, First-out"" election to include all items within its dollar-value Inventory Price Index Computation (IPIC) pools is...
Published on October 01, 2012
AICPA Comment Letter Regarding The Retail Inventory Method of Accounting
Article:
On December 13, 2012, AICPA submitted comments to IRS and Treasury on the retail inventory method of accounting (REG-125949-10). The AICPA comments address cost complement measurement period, treatment of beginning inventory under the LIFO retail inventory method, scope of retail inventory method...
Published on December 31, 2012
Rolling Average Cost 01.19.2006 Comment Letter
Comment Letter:
...addressing the use of rolling average cost in response to Notice 2005-25. The AICPA opposes a ban on the use of the rolling average cost method to calculate inventory cost
Published on October 01, 2012
Sample IRS Letter on Form 3520 Processed
Guidance:
...letter from the IRS to a taxpayer regarding the filing of Form 3520. It is a sample of the letters that IRS is now sending to close out its inventory of outstanding processing issues with Form 3520 filings
Published on May 17, 2013
AICPA Suggests Improvements to New Cash Accounting Method Notice 2001-76
Comment Letter:
The AICPA comment letter of 02.28.2002 requests that the IRS clarify and refine Notice 2001-76, which expanded the application of the cash method of accounting to certain businesses with revenues of less than $10 million.
Published on May 20, 2013
AICPA Comments on Eligible Property and Simplified Service Cost Method Guidance From IRS
Comment Letter:
AICPA's response 01.27.2004 to IRS' requests for comments on Simplified Service Cost Method (SSCM) under Section 263A regulations.
Published on May 20, 2013
AICPA Proposes Fiscal Year Flexibility for Emerging Small Businesses
Comment Letter:
This is AICPA's statement in support of allowing small businesses the flexibility to adopt any fiscal year end from April through November for tax purposes, as proposed in the Small Business Tax Flexibility Act of 2003 (H.R. 3225) for the record of the Subcommittee's September 23, 2004, hearing.
Published on May 20, 2013
AICPA Urges Congress to Make S Corporation Reforms
Comment Letter:
AICPA provides written testimony before Congress in support of the Subchapter S Modernization Act of 2003.
Published on September 28, 2012