Whole dollar amounts.
(a) Rounding amounts.
(a)Rounding amounts.#
With respect to any amount required to be shown on a form prescribed for any return, statement or other document required by this chapter, if the amount of such item is other than a whole dollar amount the fractional part of a dollar shall be disregarded unless it amounts to 50 cents or more, in which case the amount (determined without regard to the fractional part of a dollar) shall be increased to the next whole dollar.
(b)Election not to use whole dollar amounts.#
Any person making a return, statement or other document required by this chapter shall be allowed to make such return, statement or other document without regard to par. (a).
(c)Inapplicability to computation of amount.#
Paragraph (a) does not apply to items which must be taken into account in making the computations necessary to determine the total amount required to be shown on a form, statement or other document but applies only to such final amount.