The IRS has a new proposal for reporting gains and losses
called the 'Safe Harbor Method'. While it appears very
similar to the session method it does contain the following
clause which seems to indicate that they are considering
including comps as income.
(5) whether the safe harbor should include payouts in the
form of merchandise and bonus rewards.
If anyone would like a link to the new proposed IRS reg
please send me a private e-mail or I can send it to the
administrator is she would like to post it.
Joel
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Posted by: joel0457 <joel0457@yahoo.com>
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