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§ 10-502. Failure to file federal return

West's Annotated Code of MarylandTax-General

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 10. Income Tax (Refs & Annos)
Subtitle 5. Accounting Period (Refs & Annos)
MD Code, Tax - General, § 10-502
§ 10-502. Failure to file federal return
Currentness
Cash or accrual accounting method
(a) If a person does not file a federal income tax return, the person shall compute Maryland taxable income in accordance with the cash or accrual accounting method that:
(1) the person uses to compute income regularly in keeping the person's books; or
(2) the Comptroller requires to reflect clearly the person's income.
Calendar or fiscal accounting period
(b) If a person does not file a federal income tax return, the person shall compute Maryland taxable income:
(1) for the calendar year; or
(2) if the person keeps adequate records for an annual fiscal year accounting period, for the fiscal year.

Credits

Added by Acts 1988, c. 2, § 1, eff. Jan. 1, 1989.
Formerly Art. 81, § 284.
MD Code, Tax - General, § 10-502, MD TAX GENERAL § 10-502
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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