Taxpayers Who Change from One Accounting Period to Another Must

question 1638

True/False

Taxpayers who change from one accounting period to another must annualize their income for the resulting short period.

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Definitions:

Parietal Bone

One of the two bones forming the sides and roof of the cranium.

Lambdoid

Refers to the lambdoid suture, a dense, fibrous connective tissue joint that unites the parietal bones with the occipital bone in the human skull.

Coronal

Pertaining to the frontal plane that divides the body into anterior and posterior (front and back) sections.

Fontanels

Soft spots on a baby's head where the skull bones have not yet fused, allowing for growth of the brain and skull.