Small Business Taxpayer Exceptions Under Sections 263A, 448, 460 and 471; Correction
other · IRS · Rule · Published 2021-06-17 · Effective 2021-06-17 · 86 FR 32185
Document
Document number
2021-12550
Federal Register citation
86 FR 32185
CFR reference
26 CFR 1
Type
Rule
Action
Correcting amendments.
Category
other
Sub-agency
IRS
Publication date
2021-06-17
Effective date
2021-06-17
Treasury docket
TD 9942
Abstract
This document contains corrections to the final regulations Treasury Decision 9942, that were published in the Federal Register on Tuesday, January 5, 2021. The final regulations implemented legislative changes that simplify the application of certain tax accounting provisions for eligible businesses with average annual gross receipts that do not exceed $25,000,000, adjusted for inflation.