The American Institute of CPAs has sent a comment letter to the Internal Revenue Service recommending changes to final regulations on methods of accounting to be used by corporations that acquire the assets of other corporations in certain corporate reorganizations. 

The final regulations, which were released in 2011, aim to clarify and simplify the rules and eliminate potential controversy between a taxpayer and the IRS. The letter identified two ambiguities, however, in the application of the final regulations under Section 381 of the tax code.

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