TITLE

SECTION 4. BAD DEBTS (§ 166)

PUB. DATE
September 2008
SOURCE
Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p623
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the changes in methods of accounting on bad debts to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It illustrates that the change applies to a taxpayer that wants to change its accounting methods for bad debts from a reserve method to a specific charge-off method that complies with section 166. It informs that the designated automatic accounting method change number under section 4.01 is 5.
ACCESSION #
34390641

 

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