CLEAR-REFLECTION-OF-INCOME STANDARD

By SovConn | April 22, 2014

clear-reflection-of-income standard.Tax. An income-accounting method that the IRS can force on a taxpayer if the method used does not clearly reflect income. IRC (26 USCA) § 446(b). [Cases: Internal Revenue  3095, 3103. C.J.S. Internal Revenue §§ 21, 24, 26, 39–40, 52.] [Blacks Law 8th]

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