Monthly Archives: October 2011

New NAE Accounting Method Safe Harbor Announced


Revenue Procedure 2011-46 provides a book safe harbor method of accounting for taxpayers using the nonaccrual-experience (NAE) method of accounting under § 448(d)(5) of the Internal Revenue Code and § 1.448-2 of the Income Tax Regulations. In general, under the NAE … Continue reading

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Post Hurricane Irene, Tropical Storm Lee Low-Income Housing Relief In New York, Pennsylvania


The Internal Revenue Service has announced special relief designed to promote greater availability of low-income housing in New York and Pennsylvania for areas affected by Hurricane Irene. Notice 2011-87 suspends certain requirements under § 42 of the Internal Revenue Code for low-income housing credit projects … Continue reading

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IRS Releases Final Rules On Disregarded Entities


The Internal Revenue Service has published new guidance on disregarded entities and excise taxes. Continue reading

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