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Why Did This Pharmaceutical Company Meet the “All Events” Test for Charge-Back Reimbursement?
Posted by Michael Corrente on Mon, Jul 2, 2012 @ 09:40 AM

Deducting Expenses for Charge-Back Reimbursements

Earlier this year the IRS outlined it is permissible when under the “all events” test for an accrual basis taxpayer to deduct expenses for charge-back reimbursements made to its wholesalers/distributors for sales to customers at prices below the wholesaler/distributor's acquisition cost. Their finding, while aimed at a specific pharmaceutical company, is reverberating throughout this business sector.

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Topics: Michael Corrente, IRS, pharmaceutical sales, all events test

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