Statutes, codes, and regulations
Arkansas Administrative Code
Agency 006 - Department of Finance and AdministrationDivision 05 - Division of RevenuesRegulation 1997-4 - Comprehensive Individual Income Tax Regulations
Rule 26-51-404 - GROSS INCOME GENERALLY
Rule 14.26-51-404(a)(1) - Long-Term Contracts

14.26 Ark. Code R. 51-404(a)(1)

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Current through Register Vol. 49, No. 9, September, 2024
Rule 14.26-51-404(a)(1) - Long-Term Contracts

Income from long-term contracts is taxable for the period in which the income is determined, such determination depending upon the nature and terms of the particular contract. Arkansas taxpayers must use the same accounting method as that used for federal income tax purposes.

14.26 Ark. Code R. 51-404(a)(1)