Terms Used In U.S. Code > Title 26 > Subtitle A > Chapter 1 > Subchapter A > Part III - Changes in Rates During a Taxable Year

• association: when used in reference to a corporation, shall be deemed to embrace the words "successors and assigns of such company or association" in like manner as if these last-named words, or words of similar import, were expressed. See 1 USC 5
• taxable year: means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the taxable income is computed under subtitle A. See 26 USC 7701