TAX ACCOUNTING 1153 Tax Lawyer, Vol. 54, No. 4 TAX ACCOUNTING SUBMITTED BY THE COMMITTEE ON TAX ACCOUNTING KEVIN D. ANDERSON, COMMITTEE CHAIR; W. EUGENE SEAGO, SUBCOMMITTEE CHAIR ON IMPORTANT DEVELOPMENTS* Legislation The Installment Tax Correction Act of 2000, Pub. L. No. 106-573, 114 Stat. 3061 (2000), repealed a 1999 amendment to section 453 that prohibited accrual basis taxpayers from using the installment method of accounting. The repeal applies to sales or other dispositions occurring on or...