Sec. 3302. Rules for determining whether taxpayer has adopted a method of accounting
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Section 446 is amended by adding at the end the following new subsection: If the taxpayer uses a method of accounting with respect to any item on any return of tax— in the case of any method of accounting which the taxpayer is permitted to use with respect to such item, such method shall be treated as having been adopted by the taxpayer with respect to such item, and in the case of any method of accounting which the taxpayer is not permitted to use with respect to such item, such method shall be treated as having been adopted by the taxpayer with respect to such item if the taxpayer used the same method with respect to such item on the return of tax for the preceding taxable year. .
The amendments made by this section shall apply to taxable years beginning after December 31, 2014.