Accounting for long-term contract--Internal Revenue Service. Notice of proposed rulemaking.
This document contains proposed amendments to regulations under sections 446, 451 and 471 of the Internal Revenue Code relating to accounting for long-term contracts. The proposed amendments would conform the regulations to section 229 of the Tax Equity and Fiscal Responsibility Act of 1982 and would affect taxpayers who have long-term contracts whether or not they use a long-term contract method of accounting for such contracts.
D000066:Accounting / Q000331:legislation & jurisprudence*; D003284:Contract Services / Q000191:economics*; D005376:Financial Management / Q000191:economics*; D013660:Taxes / Q000331:legislation & jurisprudence*; D014481:United States