Washington, DC, April 26, 2024 – Miller & Chevalier Tax Controversy & Litigation Practice Lead George Hani and Tax Department Vice Chair Jim Gadwood have co-authored the first 2024 supplement for Federal Tax Accounting, originally authored by firm Senior Counsel Steve Gertzman and published by Warren, Gorham & Lamont (a Thomson Reuters company). Federal Tax Accounting is generally recognized as the leading authority on the topic and is used by many colleges, universities, and law schools. 

The newly released supplement contains completely revised and expanded sections on the economic performance requirement (Section 461(h) and Treas. Reg. § 1.461-4) and the recurring item exception (Treas. Reg. § 1.461-5). The discussion now spans thirty-five pages and integrates all prior revisions to the treatise’s discussion of these topics, which previously appeared in the supplement. 

"This is a great accomplishment following publication of a revamped Chapter 8 on accounting method changes at the end of 2023," the authors said. "We take pride in these supplements and look forward to continuing to bring new and expanded content to our readers."

Further information about the treatise can be found here. 

About the Authors

George Hani is a Member of Miller & Chevalier Chartered and concentrates his practice on the resolution of tax controversies at the administrative level, with a particular focus on tax accounting issues. Prior to joining the firm, Mr. Hani was an Honors Attorney with the General Counsel's office at the U.S. Department of the Treasury. Mr. Hani is active with many bar associations, having served as the Chair of the Tax Section of the District of Columbia Bar, the Chair of the Administrative Practice Committee of the Taxation Section of the American Bar Association (ABA), and a Council Director of the Taxation Section of the ABA. He is a trustee of the Southern Federal Tax Institute, a member of the Advisory Board of the Texas Federal Tax Institute, and a Fellow of the American College of Tax Counsel. He is routinely recognized by Chambers USA, Legal 500, and the International Tax Review. He writes and speaks frequently on federal tax accounting topics.

Jim Gadwood is a Member of Miller & Chevalier Chartered and Vice Chair of the firm's Tax Department. He has a diverse tax practice focusing on federal tax accounting, transfer pricing, and federal civil tax controversies and speaks and writes frequently on a variety of federal tax matters. Mr. Gadwood earned his law degree from Boston University School of Law and a degree in economics from the University of Michigan. He is currently a Vice Chair of the ABA Tax Section's Tax Accounting Committee.

About Miller & Chevalier 

Founded in 1920, Miller & Chevalier is a Washington, DC law firm with a global perspective and leading practices in Tax, International Law, Litigation, ERISA, White Collar Defense and Internal Investigations, Government Contracts, and Government Affairs. Miller & Chevalier is a top-ranked firm sharply focused on targeted areas that interact with the federal government. A significant number of firm lawyers have held senior positions in the U.S. government and have written many of the regulations they currently help clients navigate. For more information on the firm, visit www.millerchevalier.com.  

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