July 01, 2020

Tax Accounting Committee

Committee Leadership

Chair

David Strong

Vice-Chairs

Kate Abdoo

Ryan Corcoran

Heather Harman

About the Committee

In recent years there have been significant changes involving the proper timing of income and expense recognition. Some changes are attributed to statutory changes, some arise from case law developments and government interpretation, still others result from issues identified through IRS examination. As professionals working in tax accounting, we must constantly be aware of these changes in whatever form they take. The Tax Accounting Committee is committed to keeping its members abreast of significant developments. Additionally, our committee members contribute the formulation and development of issues through our active involvement in tax accounting issues. Committee members are able to remain up to date on the latest developments through the regular occurrence of a Current Developments Panel at each committee meeting. Committee members participate, form, and develop significant issues through panel participation, mini programs, and the comment letter process.

Thanks for visiting this website and we look forward to seeing and meeting you at your next meeting!

Who We Are

Not surprisingly, given the focus of our Committee, our membership is comprised of both lawyers and accountants. We regularly coordinate with the Tax Accounting Committee of the American Certified Accountants Association ("AICPA"), and many of our members are also members of that Committee. The Committee on Tax Accounting(#3340) is primarily responsible for tax accounting methods, which includes the timing of income and deductions under the accrual and cash methods, inventory methods, capitalization vs. expensing, procedures for changing accounting methods, and the many special methods involving these general issues, such as long-term contract accounting, the installment method, and the uniform capitalization rules. The committee also has primary jurisdiction over a variety of other income tax issues including accounting periods, the specialized tax rules affecting regulated utilities, alternative minimum tax, research credits, NOLS, amortizable bond premium. The complete list of Internal Revenue Code Sections over which the Committee has primary jurisdiction is available here.

Join us on Tax Connect! Details below.

Join us on Tax Connect! Details below.

Tax Accounting on Tax Connect

Tax Connect is an online and email platform for networking, exchanging ideas, getting advice, and interacting with fellow lawyers and legal professionals with whom you share similar areas of interest. Tax Connect communities are grouped around common practice areas like Pro Bono & Tax Clinics and International Taxation. The communities are open to any Section member and are a great way to collaborate on projects and upcoming meetings! 

Check out the Tax Accounting Community on Tax Connect and get involved today!

To learn more about ABA Tax Connect view the User Guide.

Joining Section of Taxation Committees

The Tax Section has over thirty member-led committees and Section Members can join as many as they would like. Each committee deals with a common practice area, such as Individual & Family Taxation, Exempt Organizations, Employee Benefits, etc.. A full list is available on our Committees & Task Forces landing page. If you are interested in getting involved, learn more about Section Membership here.

Our committees provide a great opportunity to network and to get involved. Committee members create robust and current CLE sessions for our conferences, participate in government comment projects, create committee newsletters or publications, and more. Feel free to Contact staff with any questions!