S.D. Admin. R. 64:27:01:02

Current through Register Vol. 51, page 67, December 16, 2024

Section 64:27:01:02 - Method of accounting

The method of accounting shall be that method normally used by the taxpayer in the ordinary course of business if it accurately reflects the taxpayer's income for the taxable year. The taxpayer may not change the method of accounting without the prior consent of the department.

S.D. Admin. R. 64:27:01:02

2 SDR 21, effective 9/18/1975; 13 SDR 129, 13 SDR 134, effective 7/1/1987; 21 SDR 219, effective 7/1/1995.

General Authority: SDCL 10-39-49.

Law Implemented: SDCL 10-39-45.2.