You must figure your taxable income and file an income tax return for an annual accounting period called a tax year. Also, you must consistently use an accounting method that clearly shows your income and expenses for the tax year.
Table of Contents:
- Accounting Periods
- Accounting Methods
Cash Method
Accrual Method
Combination Method
Inventories
Uniform Capitalization Rules
Special Methods
Change in Accounting Method
Useful Items - You may want to see:
Publication
538 Accounting Periods and Methods
See IRS Forms and Publications for information about getting publications and forms.
Information courtesy of the Internal Revenue Service.
