Tax-News.com: IRS Prepares For 'Revenue From Contracts With Customers' Standard

The Internal Revenue Service has published a proposed revenue procedure in Notice 2017-17 for taxpayers seeking to change a method of accounting for recognizing income after the adoption of the new financial accounting standards for recognizing revenue (IFRS 15).
Source: IRS Tax News – Tax-News.com: IRS Prepares For ‘Revenue From Contracts With Customers’ Standard