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b'Accounting issues we often run into involve the differences between tax and GAAP treatment of items, and this week we look at one such case involving the time for recognizing an expense.\\xa0 In this case, the matter involved rebates and we look at a Chief Counsel Memorandum (ILM 200834019) outlining the IRS\'s view on why the taxpayer in this case could not recognize the expense related to rebates at the time a sale was made.\\xa0

Materials for this week\'s podcast can be downloaded at http://www.edzollars.com/2008-09-01_Rebates.pdf .

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .
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