merchandise return period
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 458 — under this section
Except as provided in subparagraph (B), the term “merchandise return period” means, with respect to any taxable year—
(i) in the case of magazines, the period of 2 months and 15 days first occurring after the close of taxable year, or
(ii) in the case of paperbacks and records, the period of 4 months and 15 days first occurring after the close of the taxable year.