### Question
How does NORMAL TAXES AND SURTAXES define interest accrual period?


### Answer
Under *26 U.S.C. § 460*, **interest accrual period** is defined as:

> the period—



(i) beginning on the day after the return due date for any taxable year of the taxpayer, and



(ii) ending on the return due date for the following taxable year

#### Citation:
  - *26 U.S.C. § 460*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart B-Taxable Year for Which Items of Gross Income Included**

