But Krauss said that from the moment he and the other scientists arrived on the island, they never saw anything untoward.
COMPANIES THAT FAIL THE $1 MILLION AVERAGE revenue test are not affected by the revenue procedure. For them, determining whether to use the cash or accrual method hinges on two issues: the material income-producing factor test and their type of entity. COMPANIES SELLING MERCHANDISE GENERALLY must use the accrual method to account for purchases and sales.
For example, if you turn 70 Â½ in October 2014, your first RMD must be taken by April 1, 2015 and your second RMD must be taken by Dec. 31, 2015. Most IRA owners take their first RMD in the year they turn 70 Â½ rather than delaying until April 1 of the next year. What you do with RMDs is generally up to you â you may be able to take distributions in cash or in kind (e.g., as stock) which you can then reinvest or move into a brokerage account.