Eversheds Sutherland Legal Insights (audio)

On September 5, 2019, along with proposed regulations under section 451(b), the IRS and Treasury issued long-awaited proposed regulations under section 451(c).  Since the TCJA’s addition of section 451(c) to the Code, taxpayers have been anticipating the arrival of proposed regulations to provide clarification and guidance needed to properly implement the new rules for advance payments. In this Bottom Line videocast, Ellen McElroy and Mike Resnick discuss: the new income deferral provision under section 451(c) a summary of the proposed regulations under section 451(c) critical aspects of the proposed regulations that taxpayers need to pay particular attention to in their implementation of the new rule Discover more of the latest legal news and topics discussed by our attorneys by subscribing to the Eversheds Sutherland Legal Insights Podcast Channel.