Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
Regulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-404 - GROSS INCOME GENERALLY
Rule 14.26-51-404(a)(1) - Long-Term Contracts
Universal Citation: AR Admin Rules 14.26-51-404(a)(1)
Current through Register Vol. 49, No. 9, September, 2024
Income from long-term contracts is taxable for the period in which the income is determined, such determination depending upon the nature and terms of the particular contract. Arkansas taxpayers must use the same accounting method as that used for federal income tax purposes.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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