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2022 Nevada Revised Statutes
Chapter 363C - Commerce Tax
NRS 363C.140 - Method of accounting.
Universal Citation: NV Rev Stat § 363C.140 (2022)
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)
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