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.
Cited in 1 Tax Court opinion, 0 orders, and 1 brief.
Current through Pub. L. 119-102 (2026-07-12).
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