2006 Utah Code - 59-10-123 — Accounting method.

     59-10-123.   Accounting method.
     (1) For purposes of the tax imposed by this chapter, a taxpayer's method of accounting shall be the same as the method employed for federal income tax purposes.
     (2) If a taxpayer's method of accounting is changed for federal income tax purposes, his method of accounting shall be similarly changed and reflected in each return filed for Utah individual income tax purposes for any taxable year for which such change is reflected in his return for federal income tax purposes.

Renumbered and Amended by Chapter 2, 1987 General Session