Recent Developments: Bonus Depreciation, Gift Card Guidance, and Rev. Proc. 2011-14

By Ellen McElroy and Anthony J. Balden There have been several recent tax accounting developments. The most significant is important new legislation that allows businesses to deduct 100 percent of the cost of qualifying property. Because the new provision has a limited time horizon...

Leslie Schneider on Taxation of Inventories, LIFO, IFRS, and M&A - LexisNexis® Tax Law Community Podcast

On this edition, Leslie Schneider of Ivins, Phillips & Barker, Chartered, discusses the status of last-in-first-out (LIFO) tax accounting and international financial accounting standards (IFRS). Mr. Schneider also analyzes the treatment of sales-based royalties for inventory costing purposes and...

Leslie Schneider on Taxation of Inventories, LIFO, IFRS, and M&A - LexisNexis® Tax Law Community Podcast

On this edition, Leslie Schneider of Ivins, Phillips & Barker, Chartered, discusses the status of last-in-first-out (LIFO) tax accounting and international financial accounting standards (IFRS). Mr. Schneider also analyzes the treatment of sales-based royalties for inventory costing purposes and...