Ala. Admin. Code r. 810-3-30-.01

Current through Register Vol. 42, No. 11, August 30, 2024

Section 810-3-30-.01 - Permission To Change Accounting Period

(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.

Ala. Admin. Code r. 810-3-30-.01

Adopted September 30, 1982. Amended June 17, 1988; filed July 27, 1988. Repealed and New Rule: Filed May 3, 2000; effective June 7, 2000.

Amended by Alabama Administrative Monthly Volume XXXVI, Issue No. 10, July 31, 2018, eff. 8/27/2018.

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.