220 CMR, 50, 410
Current through Register 1536, December 6, 2024
This account shall be debited, and account 267, Reserve for Deferred Federal Income Taxes - Accelerated Amortization, or account 268, Reserve for Deferred Federal Income Taxes - Liberalized Depreciation, as appropriate, shall be credited with an amount equal to any deferral of taxes on income as provided by the texts of account 267 or 268. There shall not be netted against entries required to be made to this account any credit amounts appropriately includible in account 411, Federal Income Taxes Deferred in Prior Years Credit.
220 CMR, 50, 410