Comments on Guidance Addressing a Retailer's Inclusion


On November 24, 2009, the Treasury Department and the Internal Revenue Service (IRS) released the 2009-2010 priority guidance plan. A carryover Tax Accounting item from the prior year’s plan is guidance addressing a retailer’s inclusion of income under § 4511 resulting from the sale and use of gift cards. The Retail Industry Leaders Association (RILA) respectfully submits these comments for your consideration regarding this guidance project.

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