Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 2A - Corporate Income and Franchise Tax, 7-2A-1 through 7-2A-26. > Section 7-2A-11 - Accounting methods.

Section 7-2A-11 - Accounting methods.

7-2A-11. Accounting methods.

A taxpayer shall use the same accounting methods for reporting income for corporate income tax purposes as are used in reporting income for federal income tax purposes.