N.J. Admin. Code § 18:7-2.7

Current through Register Vol. 56, No. 24, December 18, 2024

Section 18:7-2.7 - Effect of failure by a corporation to establish accounting period

A corporation which has not established an accounting period for Federal income tax purposes shall be deemed to be operating on the basis of a calendar year accounting period until proof has been submitted to the Division of Taxation of the establishment of a fiscal year accounting period for Federal income tax purposes.

N.J. Admin. Code § 18:7-2.7

Amended by R.1979 d.45, effective 2/6/1979.
See: 11 N.J.R. 40(d), 11 N.J.R. 150(b).