Common use of Tax Year and Accounting Method Clause in Contracts

Tax Year and Accounting Method. The tax year of this LLC shall be . The LLC shall use the method of accounting. Both the tax year and the accounting period of the LLC may be changed with the consent of all members if the LLC qualifies for such change, and may be effected by the filing of appropriate forms with the IRS and state tax authorities.

Tax Year and Accounting Method. The tax year of this LLC shall be ______________________. The LLC shall use the __________________ method of accounting. Both the tax year and the accounting period of the LLC may be changed with the consent of all members if the LLC qualifies for such change, and may be effected by the filing of appropriate forms with the IRS and state tax authorities.

Tax Year and Accounting Method. The tax year of this LLC shall be _. The LLC shall use the method of accounting. Both the tax year and the accounting period of the LLC may be changed with the consent of all members if the LLC qualifies for such change, and may be effected by the filing of appropriate forms with the IRS and state tax authorities.

Tax Year and Accounting Method. The tax year of this LLC shall be the calendar year. The LLC shall use the Cash method of accounting. Both the tax year and the accounting period of the LLC may be changed with the consent of all members if the LLC qualifies for such change, and may be effected by the filing of appropriate forms with the IRS and state tax authorities.

Tax Year and Accounting Method. The tax year of this LLC shall be calendar tax year. The LLC shall use the cash basis method of accounting. Both the tax year and the accounting period of the LLC may be changed with the consent of all members if the LLC qualifies for such change, and may be effected by the filing of appropriate forms with the IRS and state tax authorities.