Partnertax.ai
Start free trial →

North Carolina Administrative Code Title 17 — Revenue

17 NCAC 05F .0401

Adjustments To State Net Income

Official textreports.oah.state.nc.us

Adjustments the Secretary may make to intercompany transactions that are found to lack economic substance or not to be at fair market value include the following:

# (1)

Disallowing deductions in whole or in part;

# (2)

Attributing income to related corporations;

# (3)

Disregarding transactions; and (4) Reclassifying income as apportionable or allocable.

Last amended: Authority G.S. 105-130.5A; 105-262.1; Eff. January 31, 2013; Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. August 19, 2017.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 17-05d-0112 · Who Shall Attend The Conference
  2. 17-05d-0113 · Conduct Of The Conference
  3. 17-05d-0114 · Remedy
  4. 17-05d-0115 · Final Decision
  5. 17-05e-0101 · Reduced Installment Payments
  6. 17-05e-0102 · Additional Fire And Lightning Taxes
  7. 17-05e-0103 · Premium Finance Charges And Other Charges
  8. 17-05e-0104 · Dividends Applied To Purchase Additional Paid-Up Life
  9. 17-05e-0105 · Group Premiums
  10. 17-05e-0106 · Employee Benefit Plan Contributions
  11. 17-05f-0101 · Scope
  12. 17-05f-0102 · Definitions
  13. 17-05f-0201 · Economic Substance Test Burden Of Proof
  14. 17-05f-0202 · Reasonable Business Purposes
  15. 17-05f-0203 · Economic Effects
  16. 17-05f-0204 · Economic Substance Doctrine
  17. 17-05f-0205 · Economic Substance Factors
  18. 17-05f-0206 · When State Income Tax Benefits Are Considered
  19. 17-05f-0207 · Centralized Cash Management
  20. 17-05f-0301 · Determination Of Fair Market Value
  21. 17-05f-0401 · Adjustments To State Net Income
  22. 17-05f-0501 · Methodology When Combined Return Required Or Permitted
  23. 17-05f-0502 · Procedures For Filing A Combined Income Tax Return
  24. 17-05f-0503 · Combined Return Tax Credits
  25. 17-05f-0601 · Procedures For Filing A Franchise Tax Return
  26. 17-05g-0101 · Scope
  27. 17-05g-0102 · Definitions
  28. 17-05g-0501 · Alternative Apportionment
  29. 17-05g-0502 · Original Returns
  30. 17-05g-0503 · Secretary'S Authority To Adjust A Taxpayer'S Return
  31. 17-05g-0504 · Taxpayer Authority To Change A Method Of Assignment On A…
  32. 17-05g-0505 · Secretary Authority To Change A Method Of Assignment On A…
  33. 17-05g-0601 · Examples
  34. 17-05g-1003 · Assignment Of Receipts
  35. 17-05g-1006 · Related Entity Transactions
  36. 17-05g-1102 · License Of A Marketing Intangible
  37. 17-05c-1905 · Electronic Filing Of Corporation Income Tax Returns
  38. 17-05g-0201 · Assignment Of Receipts From Sales Of Other Than Tangible…
  39. 17-05g-0301 · In General
  40. 17-05g-0302 · Approximation Based Upon Known Sales
Full table of contents →