Page 1 of 1
67.765 Use of tax year and accounting methods required for federal income tax
purposes.
If a business entity makes, or is required to make, a federal income tax return, the net <br>profit or gross receipts shall be computed for the purposes of KRS 67.750 to 67.790 on <br>the basis of the same calendar or fiscal year required by the federal government, and shall <br>employ the same methods of accounting required for federal income tax purposes.
Effective: June 24, 2003 <br>History: Created 2003 Ky. Acts ch. 117, sec. 7, effective June 24, 2003.
Page 1 of 1
67.765 Use of tax year and accounting methods required for federal income tax
purposes.
If a business entity makes, or is required to make, a federal income tax return, the net <br>profit or gross receipts shall be computed for the purposes of KRS 67.750 to 67.790 on <br>the basis of the same calendar or fiscal year required by the federal government, and shall <br>employ the same methods of accounting required for federal income tax purposes.
Effective: June 24, 2003 <br>History: Created 2003 Ky. Acts ch. 117, sec. 7, effective June 24, 2003.
Page 1 of 1
67.765 Use of tax year and accounting methods required for federal income tax
purposes.
If a business entity makes, or is required to make, a federal income tax return, the net <br>profit or gross receipts shall be computed for the purposes of KRS 67.750 to 67.790 on <br>the basis of the same calendar or fiscal year required by the federal government, and shall <br>employ the same methods of accounting required for federal income tax purposes.
Effective: June 24, 2003 <br>History: Created 2003 Ky. Acts ch. 117, sec. 7, effective June 24, 2003.
