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2018 Missouri Revised Statutes
Title X - Taxation and Revenue
Chapter 143 - Income Tax
Section 143.281 Methods of accounting.
Universal Citation: MO Rev Stat § 143.281 (2018)
Effective 01 Jan 1973, see footnote
Title X TAXATION AND REVENUE
Chapter 143143.281. Methods of accounting. — 1. For purposes of taxes imposed by sections 143.011 to 143.996, a taxpayer's method of accounting shall be the same as his method of accounting for federal income tax purposes. If no method of accounting has been regularly used by the taxpayer, taxable income for purposes of sections 143.011 to 143.996 shall be computed under such method that in the opinion of the director of revenue fairly reflects income.
2. If a taxpayer's method of accounting is changed for federal income tax purposes, his method of accounting for purposes of sections 143.011 to 143.996 shall similarly be changed.
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(L. 1972 S.B. 549)
Effective 1-1-73
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