Question
If a company decides to use the recurring item exception to the economic performance rules, must they request permission to do so from the IRS?
If a company decides to use the recurring item exception to the economic performance rules, must they request permission to do so from the IRS?
Please specify if a company is required to obtain permission from the IRS to use the recurring item exception to the economic performance rules and cite the IRS code and section used to get your answer.
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1 1 No a company does not need to request permission from the IRS to use the recurring item exception to the economic performance rules However there ...Get Instant Access to Expert-Tailored Solutions
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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