### Question
How does Life Insurance Deductions define year of change?


### Answer
Under *26 U.S.C. § 808*, **year of change** is defined as:

> the taxable year in which the change in business practices which results in the accelerated policyholder dividends deduction takes effect

#### Citation:
  - *26 U.S.C. § 808*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart C-Life Insurance Deductions**

