SECTION 6. EFFECTIVE DATE
Internal Revenue Bulletin 1998-49 · 2026-10-03 edition · updated 2026-10-04 · United States
This revenue procedure is effective for taxable years beginning after December 31, 1986.
DRAFTING INFORMATION
The principal author of this revenue procedure is Jonathan Strum of the Office of Assistant Chief Counsel (Income Tax and Accounting). For further information regarding this revenue procedure, contact Mr. Strum at (202) 622-4960 (not a tollfree call).
should also use the installment method to report income from the contract for AMT purposes. A change from applying former § 56(a)(6) to using the installment method for AMT purposes for DPS contracts is a change in method of accounting within the meaning of § 446(e) and the regulations thereunder.
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