Jones, Deborah K.; Albert D. Spalding, Jr. - In: Accounting & Taxation 4 (2012) 1, pp. 109-122
The statutory language of the Internal Revenue Code gives cognizance to the methods of accounting used by taxpayers for their financial reporting. The 1979 U.S. Supreme Court opinion of Thor Power acceded to the Internal Revenue Service a significant amount of discretion in its attempt to...