Rev. Proc. 2021-26 provides accounting method change procedures for CFCs seeking to use the alternative depreciation system

• Published date: 27 May 2021
• Subject Matter: IRS,Audits,Depreciation,U.S. Treasury,Foreign Corporations,Controlled Foreign Corporations,GAAP,Taxable Income,Accounting Methods,Revenue Procedures,Internal Revenue Code (IRC),Tax Cuts and Jobs Act,GILTI tax
• Author: Aaron Payne,H. Karl Zeswitz,Ellen McElroy,Michael Resnick,Mary Kate Nicholson
• Law Firm: Eversheds Sutherland (US) LLP