For taxable years beginning after December 31, 2017, businesses (other than tax shelters) with average annual gross receipts of $25 million or less for the prior three taxable years are not required to:
» Follow the accrual method;
» Maintain inventories; or
» Capitalize additional inventory costs under Uniform Capitalization – IRC 263A
This whitepaper address many different aspects of the new rules including how to apply them and how to implement them. Download your copy today!