KRS 67.765: Use of tax year and accounting methods required for federal income tax

purposes.

If a business entity makes, or is required to make, a federal income tax return, the net

profit or gross receipts shall be computed for the purposes of KRS 67.750 to 67.79 0 on

the basis of the same calendar or fiscal year required by the federal government, and shall

employ the same methods of accounting required for federal income tax purposes.