One provision in tax-reform proposals could be damaging to large law firms and the companies that work with them, according to American Bar Association President James Silkenat. The proposal would require firms with gross receipts in excess of $10 million to use the accrual method of accounting rather than the cash method. "My sense is that Congress will recognize the problems that are created here, that this is not tax simplification, but rather this causes problems and causes us to pay tax on fees that we may never be paid," Silkenat said.

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