Change in Accounting Period

Cash value in a life insurance policy Certificate Change in Accounting Method Commodity Futures Certified Historic Structure Community Income Cost Method of Inventory Valuation Cost of Goods Sold Capital Loss Cleared Funds Cafeteria Plan Collection Due Process Capital Asset Cash Equivalent Doctrine Child and Dependent Care Credit Condemnation Contract Price Cost of Maintaining a Home Cost Recovery Constructive Receipt Calendar Year Call Capital Gain Distributions Callable Change in Accounting Period Commission Community Property Capital Gain Capital Improvement Charitable Contributions Child Common Stock Child Tax Credit Closed Year Common-Law State Commuting Compensation Casualty Loss Carryback/Carryover Class Life Asset Depreciation Range (CLADR) Copyright Corporation Capitalize Capital Stock Cash Method of Accounting Condemnation Award Convention Expenses Convertible Cost or Market, Whichever Is Lower Custodial Parent Cost Depletion Casualty Cost Coupon Bond Child Support Payments Claim of Right Capital Expenditure Coverdell Education Savings Account (ESA)

Definition of Change in Accounting Period:

Changing accounting periods requires annualizing income from the shorter period to ensure proper tax calculation.