Source: https://irc.bloombergtax.com/public/uscode/doc/irc/section_441
Timestamp: 2020-05-30 08:45:25
Document Index: 60403576

Matched Legal Cases: ['§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441', '§ 441']

Internal Revenue Code, § 441. Period For Computation Of Taxable Income
I.R.C. § 441(a) Computation Of Taxable Income —
I.R.C. § 441(b) Taxable Year —
For purposes of this subtitle, the term “taxable year" means—
I.R.C. § 441(b)(1) —
the taxpayer's annual accounting period, if it is a calendar year or a fiscal year;
I.R.C. § 441(b)(2) —
I.R.C. § 441(b)(3) —
I.R.C. § 441(b)(4) —
I.R.C. § 441(c) Annual Accounting Period —
I.R.C. § 441(d) Calendar Year —
For purposes of this subtitle, the term “calendar year" means a period of 12 months ending on December 31.
I.R.C. § 441(e) Fiscal Year —
For purposes of this subtitle, the term “fiscal year" means a period of 12 months ending on the last day of any month other than December. In the case of any taxpayer who has made the election provided by subsection (f) the term means the annual period (varying from 52 to 53 weeks) so elected.
I.R.C. § 441(f) Election Of Year Consisting Of 52-53 Weeks
I.R.C. § 441(f)(1) General Rule —
I.R.C. § 441(f)(1)(A) —
I.R.C. § 441(f)(1)(B) —
on whatever date such same day of the week falls which is nearest to the last day of a calendar month, may (in accordance with the regulations prescribed under paragraph (3)) elect to compute his taxable income for purposes of this subtitle on the basis of such annual period. This paragraph shall apply to taxable years ending after the date of the enactment of this title.
I.R.C. § 441(f)(2) Special Rules For 52-53-Week Year
I.R.C. § 441(f)(2)(A) Effective Dates —
I.R.C. § 441(f)(2)(A)(i) —
I.R.C. § 441(f)(2)(A)(ii) —
as ending with the last day of the calendar month ending nearest to the last day of such taxable year, as the case may be.
I.R.C. § 441(f)(2)(B) Change In Accounting Period —
I.R.C. § 441(f)(2)(B)(i) —
I.R.C. § 441(f)(2)(B)(ii) —
I.R.C. § 441(f)(2)(B)(iii) —
I.R.C. § 441(f)(3) Special Rule For Partnerships, S Corporations, And Personal Service Corporations —
I.R.C. § 441(f)(4) Regulations —
I.R.C. § 441(g) No Books Kept; No Accounting Period —
I.R.C. § 441(g)(1) —
I.R.C. § 441(g)(2) —
I.R.C. § 441(g)(3) —
I.R.C. § 441(h) Taxable Year Of DISC's
I.R.C. § 441(h)(1) In General —
I.R.C. § 441(h)(2) Special Rule Where More Than One Shareholder (Or Group) Has Highest Percentage —
I.R.C. § 441(h)(3) Subsequent Changes Of Ownership —
I.R.C. § 441(h)(4) Voting Power Determined —
I.R.C. § 441(i) Taxable Year Of Personal Service Corporations
I.R.C. § 441(i)(1) In General —
I.R.C. § 441(i)(2) Personal Service Corporation —
For purposes of this subsection, the term “personal service corporation” has the meaning given such term by section 269A(b)(1), except that section 269A(b)(2) shall be applied--
I.R.C. § 441(i)(2)(A) —
I.R.C. § 441(i)(2)(B) —
(Aug. 16, 1954, ch. 736, 68A Stat. 148 ; Feb. 26, 1964, Pub. L. 88-272, title II, 235(c)(3), 78 Stat. 127; Oct. 4, 1976, Pub. L. 94-455, Title XIX, 1906(b)(13)(A), 90 Stat. 1834; May 23, 1977, Pub. L. 95-30, title I, 102(b)(5), 91 Stat. 137; July 18, 1984, Pub. L. 98-369, div. A, title IV, 474(b)(2), title VIII, 803, 98 Stat. 830, 1000; Oct. 22, 1986, Pub. L. 99-514, title I, 104(b)(6), title VIII, 806(c)(1), (d), 100 Stat. 2105, 2364; Nov. 10, 1988, Pub. L. 100-647, title I, 1008(e)(4), 102 Stat. 3440; Dec. 29, 2007, Pub. L. 110-172, Sec. 11(g)(7), 121 Stat. 2473.)
1987--Pub. L. 100-203, title X, 10206(a)(2), Dec. 22, 1987, 101 Stat. 1330-398, added item 444.
2007—Subsec. (b)(4). Pub. L. 110-172, Sec. 11(g)(7)(A), amended par. (4) by striking “FSC or” before “DISC”.
Subsec. (h). Pub. L. 110-172, Sec. 11(g)(7)(B)(ii), amended the heading for subsec. (h) by striking “FSC's and” before “DISC's”.
Subsec. (h). Pub. L. 110-172, Sec. 11(g)(7)(B)(i), amended subsec. (h) by striking “FSC or” before “DISC” each place it appeared.
1988--Subsec. (i)(2). Pub. L. 100-647 inserted at end “A corporation shall not be treated as a personal service corporation unless more than 10 percent of the stock (by value) in such corporation is held by employee-owners (within the meaning of section 269A(b)(2), as modified by the preceding sentence). If a corporation is a member of an affiliated group filing a consolidated return, all members of such group shall be taken into account in determining whether such corporation is a personal service corporation.”
1986--Subsec. (f)(2)(B)(iii). Pub. L. 99-514, 104(b)(6), struck out “and by adding the zero bracket amount,” after “in the short period,”.
Subsec. (f)(3), (4). Pub. L. 99-514, 806(d), added par. (3) and redesignated former par. (3) as (4).
Subsec. (i). Pub. L. 99-514, 806(c)(1), added subsec. (i).
1984--Subsec. (b)(4). Pub. L. 98-369, 803(a), added par. (4).
Subsec. (f)(2)(A). Pub. L. 98-369, 474(b)(2), substituted “section 15” for “section 21” in provisions preceding cl. (i).
Subsec. (h). Pub. L. 98-369, 803(b), added subsec. (h).
1977--Subsec. (f)(2)(B)(iii). Pub. L. 95-30 substituted “multiplying the gross income for such short period (minus the deductions allowed by this chapter for the short period, but only the adjusted amount of the deductions for personal exemptions as described in section 443(c)) by 365, by dividing the result by the number of days in the short period, and by adding the zero bracket amount” for “multiplying such income by 365 and dividing the result by the number of days in the short period”.
1976--Subsec. (f)(3). Pub. L. 94-455 struck out “or his delegate” after “Secretary”.
1964--Subsec. (f)(2)(A). Pub. L. 88-272 inserted “,including,” before “or ending with reference to”.
Amendments by Sec. 11(g)(7) of Pub. L. 110-172 effective on the date of the enactment of this Act [Enacted: Dec. 29, 2007].
Amendment by section 104(b)(6) of Pub. L. 99-514 applicable to taxable years beginning after Dec. 31, 1986, see section 151(a) of Pub. L. 99-514, set out as a note under section 1 of this title.
Amendment by section 806(c)(1), (d) of Pub. L. 99-514 applicable to taxable years beginning after Dec. 31, 1986, with special provisions applicable to taxpayers who are required to change their accounting periods, see section 806(e) of Pub. L. 99-514, set out as a note under section 1378 of this title.
Amendment by section 474(b)(2) of Pub. L. 98-369 applicable to taxable years beginning after Dec. 31, 1983, and to carrybacks from such years, see section 475(a) of Pub. L. 98-369, set out as a note under section 21 of this title.
Amendment by section 803 of Pub. L. 98-369 applicable to taxable years beginning after Dec. 31, 1984, see section 805(a)(4) of Pub. L. 98-369, as amended, set out as an Effective Date note under section 921 of this title.