26 U.S.C. § 843
§ 843. Annual accounting period
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1956 by the Internal Revenue Code of 1954 (original text). Last changed October 4, 1976 by the Tax Reform Act of 1976.
Every change, newest first (2)
- October 4, 1976Tax Reform Act of 1976
- March 13, 1956Internal Revenue Code of 1954 (original text) · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
For purposes of this subtitle, the annual accounting period for each insurance company subject to a tax imposed by this subchapter shall be the calendar year. Under regulations prescribed by the Secretary, an insurance company which joins in the filing of a consolidated return (or is required to so file) may adopt the taxable year of the common parent corporation even though such year is not a calendar year.