Tax Readiness: Section 451 proposed regulations: The all-events test under new Section 451(b) - Part 1

In this tax readiness podcast, George Manousos, a Partner in the Federal Tax Services practice, Cristy Turgeon, a Partner in the Accounting Methods Services practice, Michael Bauer, a Director in the International Tax Services practice, and Kate Abdoo, a Director in the Federal Tax Services practice provide a background of Section 451(b) and how it changed during tax reform, the scope of the AFS inclusion rule, and revenue and transaction price.