Page 513 - Large Business IRS Training Guides

Lesson Objectives

At the end of this lesson, participants will be able

to:

• Measure the impact of Topic 606 on tax

reporting,

• Describe the changes made by the TCJA to

IRC § 451 sections - the new IRC § 451(b) and

§ 451(c), and

• Summarize the issued guidance related to

those financial statement and tax reporting

changes.

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