Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-3-30 - RETURN WHEN ACCOUNTING PERIOD CHANGES
Section 810-3-30-.01 - Permission To Change Accounting Period
Universal Citation: AL Admin Code R 810-3-30-.01
Current through Register Vol. 43, No. 02, November 27, 2024
(1) The change in accounting period for single entity taxpayers will change whenever there is an approved federal accounting period change.
(a) For
corporations, filing Alabama returns on a separate entity basis, which become a
member of a federal consolidated group, or cease to be a member of a
consolidated group, or change from one federal group to another during the
taxable year, no change in accounting period is required or permitted if the
taxable year after the change in federal group membership will end at the same
time as before the change.
(2) The change in accounting period for a consolidated group will change whenever there is an approved federal accounting period change.
Authors: Anne Simms, Carmen Mills, Anne Glenn, Matt Tidwell
Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-18-57, 40-18-30.
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