IRS Provides Safe-Harbor Methods of Accounting to Cable System Operators.

The article reports that the U.S. Internal Revenue Service has issued the Revenue Procedure (Rev. Proc.) 2015-12 rule to provide guidance and safe-harbor methods of accounting for cable system operators which offers video, high-speed internet, and voice-over-internet protocol (VoIP) phone services through cable network. It also mentions that the cable operators may file an automatic request for a change in method of accounting.