Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24721 — Adjustments Required by Changes in Method
Cal. Rev. & Tax. Code § 24721
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2025-10-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Section 481 of the Internal Revenue Code, relating to adjustments required by changes in method of accounting, shall apply, except as otherwise provided.
Citator
Cal. Rev. & Tax. Code § 24721 — Adjustments Required by Changes in Method is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Section 481 of the Internal Revenue Code, relating to adjustments required by changes in method of accounting, shall apply, except as otherwise provided.
(b) Section 481(d) of the Internal Revenue Code, relating to adjustments attributable to conversion from “S” corporation to “C” corporation, shall not apply.