Updating form 10 1 5 10 2

NOTE to SECTION 1110.1 For public entities, the amendments in ASU 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income, and ASU 2011-12, Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No.2011-05, are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 with early adoption permitted.(12) Editorial changes were made throughout this IRM to clarify language and/or update references, titles, and websites addresses.This material supersedes IRM 5.14.10, dated January 22, 2015.

updating form 10 1 5 10 2-76

(3) IRM updated to include Exemption statement for taxpayers employed by Federal agencies.Other stability enhancements, security updates, and bug fixes are also included in the update, specified in the release notes below.All Mac users running OS X Yosemite should download and install the OS X 10.10.1 update.However, financial statements are not required if they would not be material for the exercise of prudent judgment concerning the action.Financial statements usually are considered material to this exercise if the action is the authorization or issuance of a material amount of senior securities or the authorization or issuance of securities related to a business combination.

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