 | 1994 - 618 էջ
...operating losses, etc Except for deviations permitted or required by such special accounting treatment, taxable income shall be computed under the method...of which the taxpayer regularly computes his income i: keeping his books. For requirement respecting the adoption or change of accounting method, see section... | |
 | 1959 - 1584 էջ
...rule for methods of accounting. SEC. 446. General rule for methods of accounting — (a) General rule. Taxable income shall be computed under the method...of which the taxpayer regularly computes his Income hi keeping hi* books. (b) Exceptions. It no method of accountIng has been regularly used by the taxpayer,... | |
 | 1977 - 466 էջ
...rule for methods of accounting. SEC. 446. General rule for methods of accounting -(a) General rule. Taxable income shall be computed under the method...the basis of which the taxpayer regularly computes has income in keeping his books. (b) Exceptions. If no method of accounting has been regularly used... | |
 | United States. Internal Revenue Service - 1968 - 1034 էջ
...interest paid or accrued within the taxable year on indebtedness. Section 446(a) of the Code provides that taxable income shall be computed under the method...regularly computes his income in keeping his books. Section 446(b) of the Code provides, in part, that if the method used does not clearly reflect income,... | |
 | United States. Internal Revenue Service - 1963 - 1436 էջ
...the calendar year.1' • "SEC. 446. GENERAL RULE FOR METHODS OF ACCOUNTING. "(a) General Rule. — Taxable Income shall be computed under the method...regularly computes his Income In keeping his books. "(b) Exceptions. — If no method of acconntlng has been regularly used by the taxpayer, or If the... | |
 | United States. Congress. Senate. Committee on Finance - 1954 - 1186 էջ
...— The general rule for reporting taxable income, as set forth in section 446 of HR 8300, is that it shall be computed under the method of accounting on...regularly computes his income in keeping his books. This is comparable with the general rule of present section 41, IRC In Form 1120L of 1951, and for... | |
 | United States. Congress. Senate. Committee on Finance - 1954 - 662 էջ
...— The general rule for reporting taxable income, aa set forth in section 446 of HR 8300, is that It shall be computed under the method of accounting on...regularly computes his income in keeping his books. This is comparable with the general rule of present section 41, IRC In Form 1120L of 1951, and for... | |
 | United States. Internal Revenue Service - 1955 - 1158 էջ
...or deferred under the taxpayer's regular method of accounting. Section 446 of the 1954 Code provides that taxable income shall be computed under the method...regularly computes his income in keeping his books. Section 452 and section 462 each provides a specific method of accounting and, accordingly, the books... | |
 | United States. Congress. House Ways and Means - 1959 - 766 էջ
...The general tax rule for accounting methods is stated in section 446 (a) of the code, as follows : Taxable income shall be computed under the method...regularly computes his income In keeping his books. This general rule is amplified by two additional general rules relating to the taxable year of inclusion... | |
 | United States. Congress. House. Committee on Ways and Means - 1959 - 760 էջ
...The general tax rule for accounting methods is stated in section 446 (a) of the code, as follows : Taxable income shall be computed under the method...regularly computes his income in keeping his books. This general rule is amplified by two additional general rules relating to the taxable year of inclusion... | |
| |
If no method of accounting has been regularly used by the taxpayer, or 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... 
