Effective – 01 Jan 1973 143.271. Period for computation of taxable income. — 1. For purposes of taxes imposed by sections 143.011 to 143.996, a taxpayer’s taxable year shall be the same as his taxable year for federal income tax purposes. 2. If a taxpayer’s taxable year is changed for federal income tax purposes, his […]
Effective – 01 Jan 1973 143.281. Methods of accounting. — 1. For purposes of taxes imposed by sections 143.011 to 143.996, a taxpayer’s method of accounting shall be the same as his method of accounting for federal income tax purposes. If no method of accounting has been regularly used by the taxpayer, taxable income for […]
Effective – 01 Jan 1973 143.291. Adjustments. — In computing a taxpayer’s taxable income for any taxable year under a method of accounting different from the method under which the taxpayer’s taxable income for the previous year was computed, there shall be taken into account those adjustments which are determined, under regulations prescribed by the […]
Effective – 01 Jan 1973 143.301. Transitional adjustments. — The director of revenue shall prescribe regulations dealing with situations in which the application of sections 143.011 to 143.996 to a taxpayer produces a computation of taxable income under a method of accounting different from the method under which the taxpayer’s taxable income for the previous […]
