FEDERAL · 26 U.S.C. · Chapter 1
Annual accounting period
Current through Pub. L. 119-102
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.
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26 U.S.C. § 843 (Annual accounting period) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
DiCioccio v. Duquesne Light Company
911 F. Supp. 880 (W.D. Pennsylvania, 1995)
United States Liability Insurance Company v. The Department of Insurance
2014 IL App (4th) 121125 (Appellate Court of Illinois, 2014)
United States Liability Insurance Co. v. Department of Insurance
2014 IL App (4th) 121125 (Appellate Court of Illinois, 2014)
Source Credit
History
(Added Mar. 13, 1956, ch. 83, §4(a), 70 Stat. 48; amended Pub. L. 94–455, title XV, §1507(b)(2), Oct. 4, 1976, 90 Stat. 1740.)
Editorial Notes
Editorial Notes
Amendments
1976—Pub. L. 94–455 inserted provision permitting an insurance company which joins in the filing of a consolidated return to adopt the taxable year of the common parent corporation even though such year is not a calendar year.
Statutory Notes and Related Subsidiaries
Effective Date of 1976 Amendment
Amendment by Pub. L. 94–455 applicable to taxable years beginning after Dec. 31, 1980, see section 1507(c)(1) of Pub. L. 94–455, set out as a note under section 1504 of this title.
Effective Date
Section applicable only to taxable years beginning after Dec. 31, 1954, see Effective Date of 1956 Amendment note set out under section 316 of this title.
Amendments
1976—Pub. L. 94–455 inserted provision permitting an insurance company which joins in the filing of a consolidated return to adopt the taxable year of the common parent corporation even though such year is not a calendar year.
Statutory Notes and Related Subsidiaries
Effective Date of 1976 Amendment
Amendment by Pub. L. 94–455 applicable to taxable years beginning after Dec. 31, 1980, see section 1507(c)(1) of Pub. L. 94–455, set out as a note under section 1504 of this title.
Effective Date
Section applicable only to taxable years beginning after Dec. 31, 1954, see Effective Date of 1956 Amendment note set out under section 316 of this title.