If a company decides to use the recurring item exception to the economic performance rules, must they request permission to do so from the IRS?

Please specify if a company is required to obtain permission from the IRS to use the recurring item exception to the economic performance rules and cite the IRS code and section used to get your answer.

Answer rating: 100% (QA)

1 1 No a company does not need to request permission from the IRS to use the recurring item exception to the economic performance rules However there ... View the full answer