OAR 150-314-0055
Change in Methods of Accounting or Reporting
A taxpayer's method of accounting for state income tax purposes must be the same as for federal tax purposes and it must clearly reflect the taxpayer's income. If the taxpayer's method of accounting does not clearly reflect the taxpayer's income, the department shall compute the taxpayer's taxable income in a manner consistent with the Treasury Regulations set forth under Internal Revenue Code Sections 446 through 483.
Amendment history
Renumbered from 150-314.276, REV 29-2016, f. 8-12-16, cert. ef. 9-1-16
Source: view the official text
In this chapter (40 sections)
- 150-314-0005 · Period of Computation of Taxable Income
- 150-314-0010 · Mitigation of Effect of Limitations and Other Provisions
- 150-314-0012 · Determination by Agreement
- 150-314-0025 · Pollution Control Facilities: Revocation of Certificate
- 150-314-0027 · Pollution Control Facilities: Facilities Not Eligible…
- 150-314-0035 · Formula for Apportionment of Lobbying Expenses Subject…
- 150-314-0040 · Withholding on Real Property Conveyances
- 150-314-0045 · REMIC Filing Requirements
- 150-314-0047 · REMIC Income Taxable to Nonresidents
- 150-314-0055 · Change in Methods of Accounting or Reporting
- 150-314-0060 · Election to Use Alternative Apportionment Weightings by…
- 150-314-0062 · Apportionment and Allocation of Income of Financial…
- 150-314-0064 · Definitions
- 150-314-0066 · Apportionment and Allocation of Income Generally
- 150-314-0068 · Allocation of Income
- 150-314-0070 · Apportionment Factors Generally
- 150-314-0072 · Apportionment Factors
- 150-314-0074 · Modified Factors for Carriers of Freight or Passengers:…
- 150-314-0076 · Modified Factors for Carriers of Freight or Passengers:…
- 150-314-0078 · Modified Factors for Carriers of Freight or Passengers:…
- 150-314-0080 · Modified Factors for Carriers of Freight or Passengers:…
- 150-314-0082 · Modified Factors for Companies Engaged in Sea…
- 150-314-0084 · Modified Factors for Companies Involved in Interstate…
- 150-314-0086 · Other Methods: Limited Application
- 150-314-0088 · Modified Factors for Financial Institutions
- 150-314-0090 · Public Utilities: Sale of Commodities
- 150-314-0100 · Disallowance of Certain Intercompany Transactions…
- 150-314-0105 · Farm Income Averaging
- 150-314-0110 · Allocation of Oregon Modifications to Passive Activity…
- 150-314-0115 · Interest on Deferred Oregon Tax Liability with Respect…
- 150-314-0120 · Reduction of Tax Attributes after Discharge of Debt
- 150-314-0125 · Listed Transaction Reporting Requirement
- 150-314-0130 · Definition: Final Determination
- 150-314-0135 · Returns When Accounting Period Changed
- 150-314-0140 · Information Returns
- 150-314-0142 · Brokers’ Information Returns
- 150-314-0150 · Requirement to File Returns Electronically (Corporation…
- 150-314-0152 · Requirement to File Returns Electronically
- 150-314-0160 · Report of Changes in Federal Taxable Income
- 150-314-0165 · Filing Returns of Income: Due date