Change From Dollar Approximate Separate Transactions Method of Accounting (DASTM) to the Profit and Loss Method of Accounting/Change From the Profit and Loss Method to DASTM; Correction
other · IRS · Rule · Published 1998-04-01 · Effective 1998-04-06 · 63 FR 15760
Document
Document number
98-8321
Federal Register citation
63 FR 15760
CFR reference
26 CFR 1
Type
Rule
Action
Correction to final regulations.
Category
other
Sub-agency
IRS
Publication date
1998-04-01
Effective date
1998-04-06
Treasury docket
TD 8765
Abstract
This document contains corrections to final regulations (TD 8765) which were published in the Federal Register on Thursday, March 5, 1998 (63 FR 10772), relating to adjustments required when a qualified business unit (QBU) that used the profit and loss method of accounting (P&L) in a post-1986 year begins to use the dollar approximate separate transaction method of accounting (DASTM) and adjustments required when a QBU that used DASTM begins using P&L.