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Newsflash United States No. 2017002 January 3, 2017Annual revenue procedures for 2017 The IRS has posted the first edition of the Internal Revenue Bulletin for 2017 (IRB 20171, dated January 3, 2017)
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What is annual revenue procedures for?
Annual revenue procedures are used to report financial information and calculate taxes for a specific period of time.
Who is required to file annual revenue procedures for?
All individuals and businesses that generate income are required to file annual revenue procedures.
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The purpose of annual revenue procedures is to accurately report income, expenses, and deductions for tax purposes.
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Income, expenses, deductions, and any other financial transactions must be reported on annual revenue procedures.
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