Kansas § 79-32,141 Allocation of income and deductions

Kansas Statutes

§ 79-32,141 — Allocation of income and deductions

Kansas·Ch. 79 TAXATION·Art. 32 INCOME TAX

The director may allocate gross income, deductions, credits, or allowances between two or more organizations, trades or businesses (whether or not incorporated, or organized in the United States or affiliated) owned or controlled directly or indirectly by the same interests, if the director determines such allocation is necessary to prevent evasion of taxes or to clearly reflect income of the organizations, trades or businesses.

Free access — add to your briefcase to read the full text and ask questions with AI

The director may allocate gross income, deductions, credits, or allowances between two or more organizations, trades or businesses (whether or not incorporated, or organized in the United States or affiliated) owned or controlled directly or indirectly by the same interests, if the director determines such allocation is necessary to prevent evasion of taxes or to clearly reflect income of the organizations, trades or businesses.

Kansas § 79-32,141 (Allocation of income and deductions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.