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  • 10 years ago
Delayed Rebate-Tax Status of Accrued Rebates - Ed Zollars

Delayed Rebate-Tax Status of Accrued Rebates - Ed Zollars

This PodCast pertains to a common accounting issue, the differences between tax and GAAP treatment of items. Here, we focus on a case involving the time for recognizing an expense. The matter involved rebates and we look at a Chief Counsel Memorandum (ILM 200834019) outlining the IRS's view on why the taxpayer in this case could not recognize the expense related to rebates at the time a sale was made.
Materials for this week's podcast can be downloaded at http://www.edzollars.com/2008-09-01_Rebates.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

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