Cases, Rulings, Regulations

This PodCast is about the IRS warning to accrual basis taxpayers that the Service has some very specific ideas on the proper application of the recurring item exception.  We focus on Revenue Ruling 2007-3 and the issues it raises for deductions on contracts entered into near year end.The materials for this podcast can be downloaded from http://edzollars.com/2006-12-23_Accrued_Expenses.pdf . This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com