Section 17012.

Cal. Revenue and Taxation Code - RTC § 17012.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
“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 this part.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

Starting a business in California? California LLC guide: costs and requirements