paid or incurred

(25) Paid or incurred, paid or accrued The terms “paid or incurred” and “paid or accrued” shall be construed according to the method of accounting upon the basis of which the taxable income is computed under subtitle A.


26 USC § 7701(a)(25)

Scoping language

None identified, default scope is assumed to be the parent (chapter 79) of this section.
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