# Election Not to Apply Look-Back Method in De Minimis Cases
> **IRS** · Final and temporary regulations. · Published 1998-01-13 · Effective 1998-01-13 · 63 FR 1917
## Document
- **Document number:** 98-599
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 63 FR 1917
- **CFR reference:** 26 CFR 1
- **Publication date:** 1998-01-13
- **Effective date:** 1998-01-13
- **Treasury docket:** TD 8756
## Abstract

This document contains final and temporary regulations explaining how a taxpayer elects under section 460(b)(6) not to apply the look-back method to long-term contracts in de minimis cases. The regulations reflect changes to the law made by the Taxpayer Relief Act of 1997 and affect manufacturers and construction contractors whose long-term contracts otherwise are subject to the look-back method. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/01/13/98-599/election-not-to-apply-look-back-method-in-de-minimis-cases)
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