{"abstract":"This document contains proposed regulations regarding the timing of income inclusion under section 451 of the Internal Revenue Code (Code). The proposed regulations reflect changes made by the Tax Cuts and Jobs Act. These proposed regulations affect taxpayers that use an accrual method of accounting and have an applicable financial statement.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2019/09/09/2019-19325.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26}],"citation":"84 FR 47191","comment_url":"https://www.regulations.gov/commenton/IRS-2019-0038-0001","comments_close_on":"2019-11-08","correction_of":null,"corrections":[],"dates":"Written or electronic comments and requests for a public hearing must be received by November 8, 2019.","disposition_notes":null,"docket_ids":["REG-104870-18"],"dockets":[{"supporting_documents":[],"agency_name":"IRS","documents":[{"comment_count":11,"comment_start_date":"2019-09-09","updated_at":"2024-11-13T13:22:32.743-05:00","comment_url":"https://www.regulations.gov/commenton/IRS-2019-0038-0001","allow_late_comments":true,"id":"IRS-2019-0038-0001","comment_end_date":"2019-11-09","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"IRS-2019-0038","title":"Taxable Year of Income Inclusion Under an Accrual Method of Accounting (REG-104870-18)"}],"document_number":"2019-19325","effective_on":null,"end_page":47210,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/09/09/2019-19325.xml","html_url":"https://www.federalregister.gov/documents/2019/09/09/2019-19325/taxable-year-of-income-inclusion-under-an-accrual-method-of-accounting","images":{"EP09SE19.000":{"large":"https://img.federalregister.gov/EP09SE19.000/EP09SE19.000_large.png","original_size":"https://img.federalregister.gov/EP09SE19.000/EP09SE19.000_original_size.png"}},"images_metadata":{"EP09SE19.000":{"large":{"identifier":"EP09SE19.000","content_type":"image/png","size":49475,"width":823,"sha":"2296c75d999de895b550ac760572882b","url":"https://img.federalregister.gov/EP09SE19.000/EP09SE19.000_large.png","height":723},"original_size":{"identifier":"EP09SE19.000","content_type":"image/png","size":41687,"width":1990,"sha":"8247b9c031e9f3a2377affbb7b696b8f","url":"https://img.federalregister.gov/EP09SE19.000/EP09SE19.000_original_size.png","height":1748}}},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-19325?publication_date=2019-09-09","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-09-09/2019-19325/mods.xml","not_received_for_publication":null,"page_length":20,"page_views":{"count":8821,"last_updated":"2026-06-09 14:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-09-09/pdf/2019-19325.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-19325.pdf?1567714521","publication_date":"2019-09-09","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/09/09/2019-19325.txt","regulation_id_number_info":{"1545-BO68":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/1545-BO68/section-451-b-requirements","title":"Section 451(b) Requirements","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=1545-BO68&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"}},"regulation_id_numbers":["1545-BO68"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BO68/section-451-b-requirements","title":"Section 451(b) Requirements"},"comments_count":11,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2019-0038","supporting_documents_count":0,"docket_id":"IRS-2019-0038","document_id":"IRS-2019-0038-0001","regulation_id_number":"1545-BO68","title":"Taxable Year of Income Inclusion Under an Accrual Method of Accounting (REG-104870-18)","checked_regulationsdotgov_at":"2024-11-13T22:55:09Z"},"regulations_dot_gov_url":"https://www.regulations.gov/commenton/IRS-2019-0038-0001","significant":true,"signing_date":null,"start_page":47191,"subtype":null,"title":"Taxable Year of Income Inclusion Under an Accrual Method of Accounting","toc_doc":"Taxable Year of Income Inclusion under an Accrual Method of Accounting","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":84}