Practice Unit Addresses Alternative Method Under Cost Allocation Regs

Practice Unit Addresses Alternative Method Under Cost Allocation Regs

Internal Revenue Service

The IRS has released a practice unit that explains the changes in section 471 costs for a taxpayer that qualifies to use the alternative method under final section 263A regulations (T.D. 9843), which were effective November 20, 2018. 

The IRS has released a practice unit that explains the changes in section 471 costs for a taxpayer that qualifies to use the alternative method under final section 263A regulations (T.D. 9843), which were effective November 20, 2018.

The IRS has released a practice unit that explains the changes in section 471 costs for a taxpayer that qualifies to use the alternative method under final section 263A regulations (<a href="/lr/resolve//28m5b">T.D. 9843</a>), which were effective November 20, 2018.