IRS Audit Adjustments That Are Really Accounting Method Changes

Given the potential for the adjustments to trigger extremely large tax adjustments, accounting method changes made by the IRS on audit can be doomsday scenarios for unwary taxpayers. In Nebeker v. Commissioner, T.C. Memo. 2016-155, the court addressed a common situation where the IRS makes an adjustment on audit that is an accounting method, but[...]

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