Discount Loyalty Programs are Not Trading Stamp Companies

Accrual method taxpayers generally must recognize advance payments in taxable income in the year of receipt, because receipt satisfies the all events test. The trading stamp rules are an exception to this all-events test. These rules apply to businesses that have customer loyalty programs. The rules can result in significant tax deferral as they allow […] The post Discount Loyalty Programs are Not Trading Stamp Companies appeared first on Houston Tax Attorney.
Source: Houston Tax Attorney

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