RP-2018-40, small business change in method of accounting

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Aug. 6, 2018

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Issue Number: RP-2018-40

Inside This Issue

Revenue Procedure 2018-40 provides the procedures by which a small business taxpayer may obtain automatic consent to change its methods of accounting to reflect these statutory changes and requests comments containing suggestions for future guidance under §§ 263A, 447, 448, 460, and 471 to implement section 13102 of the Act.

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