current tax event memo on: CONTENT UPDATE Checkpoint Catalyst Topic #755, Accounting Methods: Accrual Method, has been updated to reflect Rev Proc 2023-9 Checkpoint Catalyst Topic #755, Accounting Methods: Accrual Method, has been updated at 755:146 to reflect Rev Proc 2023-9, which provides a method for real estate developers to include their allocable share of the estimated cost of common improvements in the basis of properties sold without regard to whether the costs are incurred under IRC 461(h), and obsoletes Rev Proc 92-29. Other Checkpoint Catalyst topics affected include: Topic #753, Accounting Methods: General Principles, Adoptions and Changes; Topic #754, Accounting Methods: Overall and Special Methods; and Topic #756, Uniform Capitalization Rules (UNICAP): General Rules.