47 CFR 32.4070

§ 32.4070 Income taxes—accrued.

United States · 47 CFR — Telecommunication · Status: effective

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Citation: 47 CFR 32.4070, § 32.4070 Income taxes—accrued, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/235308
Permanent ID: ys:prov:235308@1
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Full text

(a) This account shall be credited or charged and the following accounts shall be charged or credited with the offsetting amount of current year income taxes (Federal, state and local) accrued during the period or adjustments to prior accruals: 7220 Operating Federal Income Taxes, 7230 Operating State and Local Income Taxes, 7400 Nonoperating Taxes, 7600 Extraordinary Items. (b) If significant, current year income taxes paid in advance shall be reclassified to Account 1280, Prepayments.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.