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    decipher.legal

    Created by Michael Wessels
    1. U.S. Code
    2. Title 26
    3. Subtitle A
    4. CHAPTER 1
    5. Subchapter E
    6. PART I

    § 442 Change of annual accounting period

    If a taxpayer changes his annual accounting period, the new accounting period shall become the taxpayer’s taxable year only if the change is approved by the Secretary. For purposes of this subtitle, if a taxpayer to whom applies adopts an annual accounting period (as defined in ) other than a calendar year, the taxpayer shall be treated as having changed his annual accounting period.