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Utah Code — Title 59 (Revenue and Taxation)

Utah Code § 59-10-124

Adjustments between taxable years after change in accounting method

Official textle.utah.gov

# (1)

In computing a resident or nonresident individual's or resident or nonresident estate's or trust's state taxable income for a taxable year under a method of accounting different from the method under which the resident or nonresident individual's or resident or nonresident estate's or trust's state taxable income was computed for the previous taxable year, state taxable income shall be increased or decreased:

# (a)

to prevent double inclusion or exclusion of an item of gross income as a result of the change in the method of accounting; or

# (b)

to prevent double allowance or disallowance of a subtraction from or addition to gross income as a result of the change in the method of accounting.

# (2)

In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commission may make rules for making an increase or decrease required by Subsection (1).

Last amended: Amended by Chapter 389, 2008 General Session

Source: view the official text

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In this chapter (40 sections)
  1. 59-10-103 · Definitions
  2. 59-10-103.1 · Information to be contained on individual income tax…
  3. 59-10-104 · Tax basis -- Tax rate -- Exemption
  4. 59-10-104.1 · Exemption from taxation
  5. 59-10-110 · Disallowance of federal tax credits
  6. 59-10-114 · Additions to and subtractions from adjusted gross income of…
  7. 59-10-115 · Adjustments to adjusted gross income
  8. 59-10-116 · Tax on nonresident individual -- Calculation -- Exemption
  9. 59-10-116.1 · Exemption for out-of-state employee
  10. 59-10-117 · State taxable income derived from Utah sources
  11. 59-10-117.5 · Nonresident individual wage exemption
  12. 59-10-118 · Division of income for tax purposes
  13. 59-10-119 · Returns by husband and wife if husband or wife is a…
  14. 59-10-120 · Change of status as resident or nonresident
  15. 59-10-121 · Proration when two returns required
  16. 59-10-122 · Taxable year
  17. 59-10-123 · Accounting method
  18. 59-10-124 · Adjustments between taxable years after change in…
  19. 59-10-125 · Adjustment after change of accounting method
  20. 59-10-126 · Business entities not subject to tax -- Exceptions
  21. 59-10-136 · Domicile
  22. 59-10-137 · Review of credits allowed under this chapter
  23. 59-10-201 · Taxation of resident trusts and estates
  24. 59-10-201.1 · State taxable income of a resident estate or trust defined
  25. 59-10-202 · Additions to and subtractions from unadjusted income of a…
  26. 59-10-204 · State taxable income of a nonresident estate or trust
  27. 59-10-205 · Tax on nonresident estate or trust
  28. 59-10-207 · Share of a nonresident estate or trust and beneficiaries in…
  29. 59-10-209.1 · Adjustments to unadjusted income
  30. 59-10-210 · Fiduciary adjustments
  31. 59-10-401 · Definitions
  32. 59-10-402 · Requirement of withholding -- Exceptions
  33. 59-10-403 · Circumstances under which an employer is not required to…
  34. 59-10-404 · Extension of withholding to payments other than wages
  35. 59-10-405 · Voluntary withholding agreements
  36. 59-10-405.5 · Definitions -- Withholding tax license requirements --…
  37. 59-10-406 · Collection and payment of tax -- Forms filed electronically
  38. 59-10-407 · Withholding tax prepayments
  39. 59-10-408 · Withholding rules -- Agreements with federal government
  40. 59-10-501 · Rulemaking authority -- Federal income tax return…
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