ARTICLE 1. Accounting Periods

Article 1 added by Stats. 1955, Ch. 938.

§§ 24631–24637 · 7 sections

• § 24631 (a) (1) For taxable years beginning prior to January 1, 2000, income shall be computed on the basis of the taxpayer’s income year. (2) For taxable years…
• § 24632 The taxable year of a taxpayer may not be different than the taxable year used for purposes of the Internal Revenue Code, unless initiated or approved by the…
• § 24633 If a taxpayer changes its annual accounting period, the new accounting period shall become the taxpayer’s taxable year only if the change is approved by the…
• § 24633.5 (a) In the case of any “S corporation” or personal service corporation required to change its accounting period by the federal Tax Reform Act of 1986 (Public…
• § 24634 (a) A return for a period of less than 12 months (referred to in this article as “short period”) shall be made under any of the following circumstances: (1)…
• § 24636 (a) If a separate return is made by a taxpayer subject to the tax imposed by Chapter 2, under Section 24634 on account of a change in the accounting period the…
• § 24637 For taxable years beginning on or after January 1, 1987, Section 444 of the Internal Revenue Code, relating to election of taxable year other than required…