TITLE

SECTION 28. INCOME FROM SOURCES WITHIN THE UNITED STATES (§ 861)

PUB. DATE
September 2008
SOURCE
Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p673
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the changes in methods of accounting for income from sources within the U.S. to which revenue procedure (Rev. Proc.) 2008-52 applies. It relates that the change applies to a taxpayer who wants to change its method for transactions involving computer programs to conform to the provisions of section 1.861-18. It also applies to transactions occurring pursuant to contracts entered on or after December 31, 1998.
ACCESSION #
34390665

 

Related Articles

  • SECTION 9. COMPUTER SOFTWARE EXPENDITURES (§§ 162, 167, and 197.  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p638 

    The article discusses the changes in methods of accounting for computer software expenditures to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to all costs of computer software as defined in section two of Rev. Proc. 2000-50, however, it does...

  • SECTION 4. BAD DEBTS (§ 166).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p623 

    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...

  • SECTION 5. AMORTIZABLE BOND PREMIUM (§ 171).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p623 

    The article discusses the changes in methods of accounting for amortization bond premium to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. The change applies to a taxpayer who wants to change the method by revoking its section 171(c) election to amortize any bond premium in...

  • SECTION 6. DEPRECIATION OR AMORTIZATION (§ 56(a)(1).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p623 

    The article discusses the changes in methods of accounting for depreciation or amortization to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to a taxpayer who wants to change from an impermissible to a permissible method of accounting for...

  • SECTION 7. RESEARCH AND EXPERIMENTAL EXPENDITURES (§ 174).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p636 

    The article discusses the changes in methods of accounting concerning research and experimental expenditures (REE) to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to a taxpayer who wants to change the treatment of expenditures that qualify...

  • SECTION 8. ELECTIVE EXPENSING PROVISIONS (§§ 179B(a), 181, and 194(b)).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p637 

    The article discusses the changes in methods of accounting for elective expensing provisions to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. The change applies to a taxpayer who wants to elect under section 181 to treat the production costs of any qualified film or television...

  • SECTION 21. INVENTORIES (§ 471).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p662 

    The article discusses the changes in methods of accounting for inventories to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. The change applies to a taxpayer who wants to change the method for cash discounts from consistent price of goods to a method of reducing the cost of...

  • SECTION 23. MARK-TO-MARKET ACCOUNTING METHOD FOR DEALERS IN SECURITIES (§ 475).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p671 

    The article discusses the changes in methods of accounting for securities dealers to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to taxpayers that have elected to use the mark-to-market method of accounting under section 475(e) or (f). It...

  • SECTION 24. BANK RESERVES FOR BAD DEBTS (§ 585).  // Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p671 

    The article discusses the changes in methods of accounting involving bank reserves for bad debts to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It states that the change applies to a bank that wants to change the method for bad debts from the section 585 reserve method to...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics