Page 526 - Large Business IRS Training Guides
P. 526
Rev. Proc. 2018-29 (cont’d)
New section 16.11(3)(a) of Rev. Proc. 2018-31
(“Inapplicability”) states that this change does not apply to:
• a change in the manner in which the taxpayer identifies
contracts or determines the transaction price, including
the inclusion and exclusion of variable consideration in
the transaction price, under the New Standards.
• a change in method of accounting that does not comply
with § 451 or other guidance.
27
