Ala. Admin. Code r. 810-3-13-.03

Current through Register Vol. 43, No. 1, October 31, 2024

Section 810-3-13-.03 - Method Of Accounting

(1) For tax years beginning after December 31, 1998, a taxpayer making an election to file an Alabama consolidated return, as provided in § 40-18-39, Code of Ala. 1975, must use the same method of accounting as employed for federal income tax purposes.

(2) For tax years beginning after December 31, 1989, a taxpayer must use the same accounting method for Alabama purposes as that used for federal income tax purposes.

Authors: Cindy D. Norwood, Jeffrey Taylor, Carmen Mills, Anne Glenn

Ala. Admin. Code r. 810-3-13-.03

Amended: June 17, 1988; filed July 27, 1988; filed July 22, 1992; October 30, 1992. Filed September 18, 1996; effective October 23, 1996. Amended: Filed March 31, 2000; effective May 5, 2000.

Statutory Authority:Code of Ala. 1975, §§ 40-2A-7, 40-18-13.