35 Miss. Code R. § 3-01-03-105
Current through May 31, 2024
The initial return may be filed in accordance with the basis and method elected by the taxpayer as long as it is in keeping with generally accepted principles, is in accordance with the basis and method of accounting regularly used by the taxpayer, and reflects the taxpayer's correct income. Arbitrary changes in the basis or method of accounting employed by the taxpayer are not permitted except in cases where such changes have been approved in advance by the Commissioner.
35 Miss. Code. R. § 3-01-03-105