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Rule Title: UNREPORTED INCOME ON INSTALLMENT OBLIGATION IN YEAR OF DISSOLUTION
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Department: REVENUE, DEPARTMENT OF
Chapter: CORPORATE MULTISTATE ACTIVITIES
Subchapter: Special Rules Related to Installment Sales
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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42.26.402    UNREPORTED INCOME ON INSTALLMENT OBLIGATION IN YEAR OF DISSOLUTION

(1) Where a taxpayer elects to report income arising from the sale or other disposition of property as provided under this rule and the entire income therefrom has not been reported prior to the year that the taxpayer ceases to be subject to tax under 15-31-301 , MCA, the unreported income shall be included in the measure of the tax for the last year in which the taxpayer is subject to tax under 15-31-301 , MCA.

History: Sec. 15-31-313 and 15-31-501, MCA; IMP, Sec. 15-31-305, MCA; NEW, 1988 MAR p. 2227, Eff. 7/15/88; TRANS, from 42.26.276 and AMD, 2001 MAR p. 2469, Eff. 12/21/01.


 

 
MAR Notices Effective From Effective To History Notes
12/21/2001 Current History: Sec. 15-31-313 and 15-31-501, MCA; IMP, Sec. 15-31-305, MCA; NEW, 1988 MAR p. 2227, Eff. 7/15/88; TRANS, from 42.26.276 and AMD, 2001 MAR p. 2469, Eff. 12/21/01.
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