...energy are increased to reflect increases in the fuel costs. Section 446 of the Code generally requires that taxable income shall be computed under the method...regularly computes his income in keeping his books unless that method does not clearly reflect income. Section 1.162-3 of the regulations requires taxpayers...

...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...regularly computes his income in keeping his books." Section 446 (b) provides, however, that if the method used by the taxpayer "does not clearly reflect...

...446, reads in part as follows: "§ 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) Exception. "If no method of accounting has been regularly used by the taxpayer, or if the method...

...1954, which provides in part: SBC. 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 accounting has been regularly used by the taxpayer, or if the method...

...any deferred interest would be payable to the mortgagee. Section 446 of the Code generally requires ich he has retained for his life or for any period...without reference to his death or for any period whic income in keeping its books unless that method does not clearly reflect income. Section 1.446-1 (c)(l)(i)...

...subtitle, gross income means all income from whatever source derived. Section 446 (a) of the Code provides that taxable income shall be computed under the method...the basis of which the taxpayer regularly computes income in keeping its books. Section 446 (b) provides, in part, that if the method of accounting used...

...basis of which the taxable income is computed under subtitle A. Section 446 (a) of the Code provides that taxable income shall be computed under the method...the basis of which the taxpayer regularly computes income in keeping its books. Section 446 (b) of the Code specifically provides that if the method of...

...regulations, to treat such taxes or charges as so chargeable. Section 446 (a) of the Code provides that taxable income shall be computed under the method...the basis of which the taxpayer regularly computes its income in keeping its books. Under section 1.446-1 (a) (1) of the regulations, the term "method...

...Vernon C. Neal, Inc. v. Commissioner, TC Memo. 1964-220. Additionally, section 446(a) and (e) refers to the method of accounting on the basis of which the...regularly computes his income in keeping his books. Corporations do not keep their books based on the consolidated return regulations; the consolidated...

...accounting. SEC. 446. General rule for method» of accounting — (a) General rule. Taxable Income Khali be computed under the method of accounting on the...regularly computes his Income In keeping his books. (b) Exceptions. If no method of accountIng has been regularly used by the taxpayer, or if the method...