Idaho § 63-3016 - Paid or incurred and paid or accrued
Full text of Idaho Idaho Statutes § 63-3016 — Paid or incurred and paid or accrued, with citation guidance and answers to common questions.
§ 63-3016. Paid or incurred and paid or accrued
The terms "paid or incurred" and "paid or accrued" shall be defined as set forth in the Internal Revenue Code and shall be construed according to the method of accounting upon the basis of which the taxable income is computed.
[63-3016, added 1959, ch. 299, sec. 16, p. 613.]
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 63-3016
What does Idaho Statutes § 63-3016 cover?
Section 63-3016 ("Paid or incurred and paid or accrued") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 63-3016?
A common citation format is "Idaho Statutes § 63-3016" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 63-3016 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.