47 C.F.R. § 32.7230 Operating state and local income taxes.
Title 47 - Telecommunication
(a) 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. (b) Taxes should be accrued each month on an estimated basis and adjustments made as later data becomes available. (c) No entries shall be made to this account to reflect interperiod tax allocations.
Title 47: Telecommunication
PART 32—UNIFORM SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES
Subpart F—Instructions For Other Income Accounts
§ 32.7230 Operating state and local income taxes.
