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Part IV - Items of General

SECTION 3. SCOPE

Internal Revenue Bulletin 1998-49 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure applies to taxpayers who properly report income from DPS contracts using the installment method under § 453 for regular tax purposes, but apply former § 56(a)(6) to report income from such contract for AMT purposes. However, this revenue procedure does not apply to any taxpayer described in the preceding sentence for any taxable year that is subject to a closing agreement concerning the treatment of DPS contracts. See § 7121(b).

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▸Contents — Internal Revenue Bulletin 1998-49
Internal Revenue Bulletin 1998-49

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