Taxable Year and Accounting Method Clause Samples

Taxable Year and Accounting Method. The Company's taxable and fiscal years shall be the calendar year. The Company shall initially use the accrual method of accounting.

Taxable Year and Accounting Method. The Partnership’s taxable and fiscal years shall be the calendar year.

Taxable Year and Accounting Method. Except as otherwise required by the Code or the Regulations, the Company's taxable year shall be the fiscal year ending November 30. The Company shall use the accrual method of accounting for federal income tax purposes.

Taxable Year and Accounting Method. The Partnership’s fiscal year shall coincide with Summit Materials, Inc.’s fiscal year and shall be the same for income tax and financial and accounting purposes. The Partnership shall initially use the cash method of accounting.

Taxable Year and Accounting Method. The Company's taxable and fiscal years shall be December 31. The Company shall use the accrual method of accounting. All elections required or permitted to be made by the Company under the Code shall be made by the Managing Member on behalf of the Company. In particular: The Company shall elect to deduct expenses incurred in organizing the Company ratably over a 60-month period as provided in Section 709 of the Code; Upon the distribution of the Units by Venture Inc. to its shareholders, pursuant to the Plan of Liquidation, or in case of a Transfer of all or part of any Units (as governed by Article 11), the Managing Member may, but need not, elect, in a timely manner pursuant to Section 754 of the Code and pursuant to corresponding provisions of applicable state and local tax laws, to adjust the basis of Property pursuant to Sections 734 and 743 of the Code; The Company shall elect to deduct start-up expenditures ratably over a 60-month period as provided in Section 195 of the Code; and The Company shall not elect to be excluded from the application of the provisions of Subchapter K of Chapter 1 of Subtitle A of the Code or corresponding provisions of state or local law. The Managing Member shall be the "tax matters partner" of the Company pursuant to Section 6231(a)(7) of the Code. The Managing Member, being so designated, is authorized to take such actions as are permitted by Sections 6221 through 6233 of the Code.

Taxable Year and Accounting Method. The Company=s taxable and fiscal years shall be the calendar year. The Company shall use the cash or accrual method of accounting as elected by the Manager unless accrual accounting is required by the Code. Any method of accounting determined by the Manager must be in compliance with Sections 446 and 448 of the Code.

Taxable Year and Accounting Method. The Partnership's taxable and fiscal years shall end on September 30. The Partnership shall use the accrual method of accounting. All elections required or permitted to be made by the Partnership under the Code shall be made by the Managing Partner in such manner as will, in its opinion, be most advantageous to the Partners, taking into account their respective Interests in the Partnership.

Taxable Year and Accounting Method. The Partnership’s taxable and fiscal years shall be the calendar year. All elections required or permitted to be made by the Partnership under the Code shall be made by the Tax Matters Partner in such manner as the Tax Matters Partner in good faith determines will be most advantageous to the Partnership.