ARTICLE 6. Adjustments Required by Changes in Method [24721. - 24726.]

Cal. Revenue and Taxation Code - RTC 6.
in effect

Cal. Revenue and Taxation Code - RTC § 24721. Section 24721.

(a) Section 481 of the Internal Revenue Code, relating to adjustments required by changes in method of accounting, shall apply, except as otherwise provided. (b) Section 481(d) of the Internal Revenue Code, relating to adjustments attributable to conversion from “S” corporation to “C” corporation, shall not apply.

Cal. Revenue and Taxation Code - RTC § 24725. Section 24725.

The provisions of Section 482 of the Internal Revenue Code, relating to allocation of income and deductions among taxpayers, shall be applicable, except as provided in Article 1.5 (commencing with Section 25110) of Chapter 17.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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