... if the method used does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the Secretary or his delegate, does clearly reflect income. Internal Revenue Cumulative Bulletin - Page 255by United States. Internal Revenue Service - 1979Full view - About this book
| United States. Court of Claims, Audrey Bernhardt - 1962 - 964 pages
...to their disposition, represents income in the 1 To the same effect, i 446, Tut Rev. Code of 1954, provides that : "Taxable Income shall be computed...under the method of accounting on the basis of which the taxpayer regularly computes his income in keeping his books." However, "if the method used does... | |
| United States - 1965 - 1110 pages
...General rule for methods of accounting. § 446. General rule for methods of accounting. (a) General rule. Taxable income shall be computed under the method of accounting on the basis of which the taxpayer regularly computes his income in keeping his books. (b) Exceptions. If no method of accounting... | |
| 1980 - 580 pages
...IN GENERAL § 1.446-1 General rule for methods of accounting. (a) General rule. (1) Section 446(a) provides that taxable income shall be computed under...taxpayer but also the accounting treatment of any item. Examples of such over-all methods are the cash receipts and disbursements method, an accrual method,... | |
| 2001 - 692 pages
...ACCOUNTING Ш GENERAL SI.11H-1 General rule for methods of accounting. (a) General rule. (1) Section 446(a) provides that taxable income shall be computed under...taxpayer but also the accounting treatment of any item. Examples of such over-all methods are the cash receipts and disbursements method, an accrual method,... | |
| 1995 - 616 pages
...ACCOUNTING Ш GENERAL §1.446-1 General rule for methods of accounting. (a) General rule. (1) Section 446(a) provides that taxable income shall be computed under...taxpayer but also the accounting treatment of any Item. Examples of such over-all methods are the cash receipts and disbursements method, an accrual method,... | |
| 1995 - 738 pages
...and disbursements method either separately or in combination with a permissible method of accounting. The term "method of accounting" includes not only...taxpayer but also the accounting treatment of any item. For purposes of section 818(a)(2), a life insurance company may elect to compute its taxable income... | |
| 1999 - 740 pages
...and disbursements method either separately or in combination with a permissible method of accounting. The term "method of accounting" includes not only...taxpayer but also the accounting treatment of any item. For purposes of section 818(a)(2), a life insurance company may elect to compute its taxable Income... | |
| 1986 - 618 pages
...disbursements method either separately or in combination with a permissible method of accounting. The tern: "method of accounting" includes not only the over-all...taxpayer but also the accounting treatment of any item. For purposes of section 818(a)(2), a life insur ance company may elect to compute its taxable income... | |
| 1978 - 480 pages
...declining-balance depreciation. (c) Section 446(e) of the Internal Revenue Code of 1954 requires that "a change in the method of accounting on the basis of which a taxpayer...regularly computes his income in keeping his books, shall, before computing taxable income under the new method, be approved by the Secretary of the Treasury... | |
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