Any individual who files income tax returns under the Internal Revenue Code on the basis of a fiscal year shall report income under the Income Tax Act on the same basis. History: 1953 Comp., § 72-15A-14, enacted by Laws 1965, ch. 202, § 14; 1981, ch. 37, § 31. Cross references. — For returns and payment generally, see 7-2-12 NMSA 1978. For the Internal Revenue Code, see 26 U.S.C. § 1 et seq. Am. Jur. 2d, A.L.R. and C.J.S. references. — Section 52(a) of the Internal Revenue Code requiring receivers, trustees in bankruptcy or assignees operating business or property of corporations to make income tax returns and the like, 31 A.L.R.2d 877.
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