§32.7230. Operating state and local income taxes.
47 C.F.R. § 32.7230
This account shall be charged and Account 4070, Income Taxes—Accrued, shall be credited for the amount of state and local income taxes for the current period. This account shall also reflect subsequent adjustments to amounts previously charged.
Taxes should be accrued each month on an estimated basis and adjustments made as later data becomes available.
No entries shall be made to this account to reflect interperiod tax allocations.
Notes, amendments, and revision history
Authority
Authority: 47 U.S.C. 219, 220 as amended, unless otherwise noted.
Source
Source: 51 FR 43499, Dec. 2, 1986, unless otherwise noted.