recognition period
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1374 — for purposes of this section (4 versions over time)
The term “recognition period” means the 5-year period beginning with the 1st day of the 1st taxable year for which the corporation was an S corporation. For purposes of applying this section to any amount includible in income by reason of distributions to shareholders pursuant to section 593(e), the preceding sentence shall be applied without regard to the phrase “5-year”.
26 U.S.C. § 382 — for purposes of this section
The term “recognition period” means, with respect to any ownership change, the 5-year period beginning on the change date.