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143 chapters · 917 sections in this title.
36 M.R.S. § 5256 Period for computation of taxable income
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1. General. For purposes of the tax imposed by this Part, a taxpayer's taxable year is the same as the taxpayer's taxable year for federal income tax purposes. 2. Change of taxable year. If a taxpayer's taxable year is changed for federal income tax purposes, the taxable year for…
36 M.R.S. § 5257 Methods of accounting
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1. Same as federal. For purposes of the tax imposed by this Part, a taxpayer's method of accounting must be the same as that taxpayer's method of accounting for federal income tax purposes. If no method of accounting has been regularly used by the taxpayer, taxable income for pur…
36 M.R.S. § 5258 Adjustments
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In computing a taxpayer's taxable income for any taxable year under a method of accounting different from the method under which the taxpayer's taxable income for the previous year was computed, there shall be taken into account those adjustments which are determined, under regul…
36 M.R.S. § 5259 Limitation on additional tax
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1. Change other than to installment method. If a taxpayer's method of accounting is changed, other than from an accrual to an installment method, any additional tax which results from adjustments determined to be necessary solely by reason of the change shall not be greater than …