26 USC § 843 - Annual accounting period

---
identifier: "/us/usc/t26/s843"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 843 - Annual accounting period"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "843"
section_name: "Annual accounting period"
chapter_number: 1
chapter_name: "NORMAL TAXES AND SURTAXES"
subchapter_number: "L"
subchapter_name: "Insurance Companies"
part_number: "III"
part_name: "PROVISIONS OF GENERAL APPLICATION"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Mar. 13, 1956, ch. 83, § 4(a), 70 Stat. 48; amended Pub. L. 94–455, title XV, § 1507(b)(2), Oct. 4, 1976, 90 Stat. 1740.)"
---


# § 843. Annual accounting period

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.

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**Source Credit**: (Added Mar. 13, 1956, ch. 83, § 4(a), 70 Stat. 48; amended Pub. L. 94–455, title XV, § 1507(b)(2), Oct. 4, 1976, 90 Stat. 1740.)

## Editorial Notes

### Amendments

1976— inserted provision permitting an insurance company which joins in the filing of a consolidated return to adopt the taxable year of the common parent corporation even though such year is not a calendar year.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1976 Amendment

Amendment by  applicable to taxable years beginning after , see , set out as a note under .

### Effective Date

Section applicable only to taxable years beginning after , see Effective Date of 1956 Amendment note set out under .