Tax Reform Series 34 – Expanded Availability of Cash Method, Exceptions to Inventory and UNICAP Rules, and Small Construction Contract Exception

Plain Language of Change:

• Single gross receipts test of $25 million is added for cash method, inventory, UNICAP, construction contract rules
• The average annual gross receipts amount of $25 million is adjusted for inflation for tax years beginning after December 31, 2018

Detailed Analysis of Expanded Availability of Cash Method, Exceptions to Inventory and UNICAP Rules, and Small Construction Contract Exception

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