LegalFix
Sign In

NRS 363C.140 - Method of accounting.

NV Rev Stat § 363C.140 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

A business entity’s method of accounting for gross revenue for a taxable year for the purposes of determining the amount of the commerce tax owed by the business entity must be the same as the business’s method of accounting for federal income tax purposes for the business’s federal taxable year which includes that calendar quarter. If a business entity’s method of accounting for federal income tax purposes changes, its method of accounting for gross revenue pursuant to this chapter must be changed accordingly.

(Added to NRS by 2015, 2894)

Previous Section
NRS 363C.130 - Authority of Executive Director to request information from other agencies and officers; confidentiality.
Next Section
NRS 363C.200 - Imposition; payment of tax; filing of return; extension of time for payment; payment of interest during period of extension.