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TAX ACCOUNTING 1311 Tax Lawyer, Vol. 55, No. 4 TAX ACCOUNTING SUBMITTED BY THE COMMITTEE ON TAX ACCOUNTING: KEVIN D. ANDERSON, COMMITTEE CHAIR; W. EUGENE SEAGO, SUBCOMMITTEE CHAIR ON IMPORTANT DEVELOPMENTS* Regulations Final Long-Term Contract Regulations In Treasury Decision 8929, 66 Fed. Reg. 2219 (2001), the Service issued final long-term contract regulations under sections 1.460-1 through 1.460-5. The regulattion apply to contracts entered into on or after January 11, 2001. The final...

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