Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 314 - INCOME TAXATION GENERALLY GENERAL PROVISIONS
Section 150-314-0055 - Change in Methods of Accounting or Reporting
Universal Citation: OR Admin Rules 150-314-0055
Current through Register Vol. 63, No. 9, September 1, 2024
A taxpayer's method of accounting for state income tax purposes must be the same as for federal tax purposes and it must clearly reflect the taxpayer's income. If the taxpayer's method of accounting does not clearly reflect the taxpayer's income, the department shall compute the taxpayer's taxable income in a manner consistent with the Treasury Regulations set forth under Internal Revenue Code Sections 446 through 483.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 305.276
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