Les Schneider Speaks to Tax Notes on Revenue Recognition GuidancePDF
IPB partner Les Schneider spoke with Tax Notes' Nathan Richman for his recent article, "Unintended Results Eyed for Revenue Recognition Guidance" about the impact of TCJA on section 451(b) requirements.
"Leslie J. Schneider of Ivins, Phillips & Barker Chtd. told Tax Notes that practitioners studying ASC 606 have been finding more book-tax divergences than the drafters of section 451(b) had contemplated. In light of those, comments on legislative intent from the Joint Committee on Taxation and Treasury will be interesting, he added."
Read a reprint of the full article below.