Title 26, Internal Revenue CodeRelease 119-102
§546 Income Not Placed on Annual Basis
Title 26 › Subtitle A — Income Taxes › CHAPTER 1 — NORMAL TAXES AND SURTAXES › Subchapter G — Corporations Used to Avoid Income Tax on Shareholders › PART II — PERSONAL HOLDING COMPANIES › § 546
Summary
When figuring the personal holding company tax (the tax in section 541), do not use the rule in section 443(b) about computing tax after changing a yearly accounting period.
Full Legal Text
Title 26, §546
Internal Revenue Code, Source: USLM XML via OLRC
section 443(b) (relating to computation of tax on change of annual accounting period) shall not apply in the computation of the personal holding company tax imposed by section 541.
Reference
Citations & Metadata
Citation
26 U.S.C. § 546
Title 26, Internal Revenue Code
Last Updated
Aug 21, 2026
Release point: 119-102