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Introduction

SECTION 1. PURPOSE

Internal Revenue Bulletin 2011-5 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure allows taxpayers to defer recognizing in gross income advance payments received from the sale of gift cards that are redeemable for goods or services of the taxpayer or a third party. This revenue procedure modifies and clarifies Rev. Proc. 2004–34, 2004–1 C.B. 991.

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▸Contents — Internal Revenue Bulletin 2011-5
Internal Revenue Bulletin 2011-5

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