Hybrid Accounting Methods

Hybrid Accounting Methods means:
methods that are neither strictly cash nor strictly accrual but combine elements of both. A taxpayer may use a hybrid accounting method authorized by the Treasury regulations if it clearly reflects income and is consistently used, and also may use different accounting methods for separate businesses.

U.S. and other Developed Countries International Tax Meaning

Term which refers to the situation where a taxpayer used a combination of accounting methods (such as accruals basis accounting or cash basis accounting) for different items of income.