Page 525 - Large Business IRS Training Guides
P. 525
Topic 606
Rev. Proc. 2018-29
• Applies to tax method changes made in the year
when adopting Topic 606 or IFRS Standard 15 for:
(i) identifying performance obligations,
(ii) allocating transaction price to performance
obligations, and/or
(iii) considering performance obligations
satisfied.
• Provides a new automatic accounting method
change (DCN 231) for a new method of accounting
otherwise permissible under new IRC§451.
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