Abstract

Written during the Paleozoic era, this article considers the timing of deductions by accrual-basis taxpayers. The article considers timing problems under pre-1984 prior law, where the benefit of a deduction for a future obligation could provide grossly inflated tax benefits; the limitations of the all events test as the sole determinant of timing; and the effect of statutory changes made by the Tax Reform Act of 1984, which require that a deduction be deferred until "economic performance" has occurred.

Keywords

Taxatuon

Publication Date

2006

Document Type

Article

Place of Original Publication

University of Florida Law Review

Publication Information

37 University of Florida Law Review 433 (1985)

Included in

Tax Law Commons

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COinS Erik M. Jensen Faculty Bio