Eversheds Sutherland Legal Insights (audio)

On September 5, 2019, along with proposed regulations under section 451(c), the IRS and Treasury issued long-awaited proposed regulations under section 451(b). Due to the significant changes to income recognition under section 451(b), taxpayers were hopeful the proposed regulations would provide them the clarification and guidance needed to properly implement the new income recognition standard. In this Bottom Line videocast, Ellen McElroy and Mike Resnick discuss: the new income recognition standard under section 451(b) a summary of the new proposed regulations under section 451(b) critical aspects of the new proposed regulations that taxpayers need to pay particular attention to in their implementation of the new standard Discover more of the latest legal news and topics discussed by our attorneys by subscribing to the Eversheds Sutherland Legal Insights Podcast Channel.