Tax
May 4, 2001
Gross Relief
The Internal Revenue Code generally allows a taxpayer to select the method of accounting it will use to compute its taxable income. Internal Revenue Code Section 446(c). The Internal Revenue Service can impose an accounting method upon a taxpayer if the taxpayer does not use a regular method, or if the taxpayer chooses an accounting method that does not clearly reflect income. Code Section 446(b).
By Boyd D. Hudson and Louis E. Michelson
The Internal Revenue Code generally allows a taxpayer to select the method of accounting it will use to compute its taxable income. Internal Revenue Code Section 446(c). The Internal Revenue Service can impose an accounting method upon a taxpayer if the taxpayer does not use a ...
The Internal Revenue Code generally allows a taxpayer to select the method of accounting it will use to compute its taxable income. Internal Revenue Code Section 446(c). The Internal Revenue Service can impose an accounting method upon a taxpayer if the taxpayer does not use a ...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In