Tax Ruling—Not Procedure.

BY LYNN KRAUSSE

More Clarification on 1031 Exchanges ” ( JofA , Jun.03, page 83) refers several times to “revenue procedure 2002-83.” The article states that the revenue procedure was issued in December 2002. In fact, there is no revenue procedure 2002-83.

There is a revenue ruling 2002-83, issued in November 2002, which the article discusses.

Lynn Krausse, CPA
Professor, Business
Bakersfield College
Bakersfield, California

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.