Accountants, and to a lesser extent also (tax) lawyers, have been arguing for decades now on the content and practical consequences of the True and Fair View Principle. This papers tries to demonstrate that: i) True and Fair View is nothing different from what lawyers already know under...

This article surveys the rare cases in which the IRS unsuccessfully challenged a taxpayer's method of accounting as not clearly reflecting income. Taken together, these cases shed light on when tax accounting methods may reflect income just clearly enough to pass judicial muster

With growing academic and policy interest in research and development (R and D) tax incentives, the question about their effectiveness has become ever more relevant. In the absence of an exogenous policy reform, the simultaneous determination of companies' tax positions and their R and D...