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Introduction

SECTION 3. SCOPE

Internal Revenue Bulletin 2007-21 · 2026-10-03 edition · updated 2026-10-04 · United States

This revenue procedure applies to a “bank” as defined in 1.166–2(d)(4)(i) that—

(1) uses an accrual method of accounting to determine its taxable income for federal income tax purposes,

(2) is subject to supervision by Federal authorities, or by state authorities maintaining substantially equivalent standards, and

(3) has uncollected interest other than interest described in 1.446–2(a)(2).

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▸Contents — Internal Revenue Bulletin 2007-21
Internal Revenue Bulletin 2007-21

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