Page 537 - Large Business IRS Training Guides
P. 537
“Applicable Financial Statement” defined and
Priority Order
• Certified GAAP financial statement filed with
SEC.
• Certified GAAP financial statement
• used for credit purposes,
• used to report to shareholders, partners, other
proprietors, or beneficiaries
• used for any other substantial nontax purpose
• filed with any other Federal agency for nontax
purposes
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