Best-method Rule

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Best-method Rule

Best-method Rule means:
a rule that states that, in determining the true taxable income of a controlled taxpayer, the arm's-length result of a controlled transaction must be determined under a method that provides the most accurate measure of such a result under the facts and circumstances of the transaction. Former Temporary Regulation (check here if this Temp. Reg. is current) §1.4821T(b)(2)(iii).

Related Entries in the American Tax Encyclopedia:

  1. Multiple Broker Rule
  2. Transaction
  3. Controlled
  4. Bump-and-strip Technique
  5. Profit Split Method
  6. Contingent Payment Sale
  7. Comparable Uncontrolled Price Method
  8. Innocent Spouse Rule
  9. Cost Plus Method
  10. Resale Price Method
  11. Avoided-cost Method
  12. Farm-price Method
  13. Annual Gas Balancing Method
  14. Facts and Circumstances Test
  15. Recurring Item Exception Method
  16. Look-back Rule
  17. Unit-livestock-price Method
  18. Comparable Profits Method
  19. Percentage-of-completion Method
  20. Separate Share Rule
  21. Anticascading Rule
  22. Income Forecast Method
  23. Rule of 78s
  24. Completed-contract Method
  25. Bank Deposit Method

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