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Category: 481 adjustment

IRS Audit Adjustments That Are Really Accounting Method Changes

Given the potential for the adjustments to trigger extremely large tax adjustments, accounting method changes made by the IRS on audit can be doomsday scenarios for unwary taxpayers. In Nebeker v. Commissioner, T.C. Memo. 2016-155, the court addressed …

Published August 18, 2016
Categorized as 481 adjustment, accounting method change, Tax Blog, Tax Law Blog

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