Tax Methods & Periods

Tax Methods and Periods Advocacy 

This section contains comments and recommendations submitted by the AICPA on legislative, regulatory and administrative matters concerning tax accounting methods and periods.

Learn about the AICPA's Tax Methods and Periods Technical Resource Panel, the volunteers who assist with many of our advocacy and member service efforts in this technical area.

News and Developments

Below are recent developments in this area:

  • The AICPA recommends modifications to the proposed regulations under section 174 relating to the definition of research and development expenditures, December 11, 2013
  • The AICPA submitted a comment letter to the IRS suggesting changes to the final regulations under section 381 (TD 9534) relating to accounting method changes in corporate reorganizations, July 9, 2013
  • The AICPA submitted a comment letter to the IRS recommending changes to the automatic and non-automatic method changes procedures (Rev. Procs. 97-27 and 2011-14), July 9, 2013
  • AICPA submitted a comment letter on proposed regulations under section 471 - Guidance Regarding The Retail Inventory Method of Accounting (Reg-125949), December 13, 2012


Key Advocacy Issues

Tangible Property

Final tangible property regulations were released on September 13, 2013. The regulations apply to all businesses that acquire, produce or improve tangible property (effective for tax years beginning on or after January 1, 2014).  Check out our tangible property resources webpage for additional resources and our recent advocacy efforts.

Small Business Tax Reform

With both Congress and President pushing to reform the tax code, the AICPA created Tax Reform page to keep you up to date on tax reform news and our efforts in cleaning up the code and achieving sound tax policy.  The AICPA recently submitted a letter and written statement for hearing of the House Ways and Means Committee Select Revenue Subcommittee hearing on Chairman Camp's March 12, 2013 small business tax reform discussion draft, May 15, 2013.  

Comprehensive List of Advocacy Issues

AICPA comments on many issues in the tax accounting method area including both legislative and regulatory. Available are all the current comments, as well as prior year comments.  

For practice support resources in this area, visit the Tax Methods and Periods Resources page.

This section covers issues concerning tax accounting methods and periods. It contains articles, tools and practice aids to assist members in tax practice.

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