### Question
How is the term interest accrual period defined?


### Answer
The term **interest accrual period** is defined in *26 U.S.C. § 460* as the following:

> 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**

