# Accounting for Long-Term Contracts
> **IRS** · Final regulations. · Published 2001-01-11 · Effective 2001-01-11 · 66 FR 2219
## Document
- **Document number:** 01-6
- **Category:** tax-irs
- **Sub-agency:** IRS
- **Federal Register citation:** 66 FR 2219
- **CFR reference:** 26 CFR 1
- **Publication date:** 2001-01-11
- **Effective date:** 2001-01-11
- **Treasury docket:** TD 8929
## Abstract

This document contains final regulations describing how income from a long-term contract must be accounted for under section 460 of the Internal Revenue Code, which was enacted by the Tax Reform Act of 1986. A taxpayer manufacturing or constructing property under a long- term contract will be affected by these regulations.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2001/01/11/01-6/accounting-for-long-term-contracts)
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