Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" ... 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 255
by United States. Internal Revenue Service - 1979
Full view - About this book

Cases Decided in the United States Court of Claims ... with ..., Volume 149

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...
Full view - About this book

United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 439

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1980 - 1224 pages
...the Code, 26 USC §§ 446 and 471. Section 446 (a) states the general rule for methods of accounting: "Taxable income shall be computed under the method of accounting on the basis of which ihe taxpayer regularly computes his income in keeping his books." Section 446 (b) provides, however,...
Full view - About this book

United States Code, Volume 6

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...
Full view - About this book

Code of Federal Regulations: Containing a Codification of Documents of ...

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,...
Full view - About this book

The Code of Federal Regulations of the United States of America

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,...
Full view - About this book

The Code of Federal Regulations of the United States of America

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,...
Full view - About this book

The Code of Federal Regulations of the United States of America

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...
Full view - About this book

Code of Federal Regulations: Containing a Codification of Documents of ...

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...
Full view - About this book

The Code of Federal Regulations of the United States of America

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...
Full view - About this book

The Code of Federal Regulations of the United States of America

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...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF