Sec. 295.6. Accounting periods and methods

Administrative Code of the City of New York, § 11-1905

(a) The adoption of and changes to the accounting periods and accounting methods of a nonresident of the City of New York shall be made in the same manner and with the same restrictions as the adoption of and changes to the accounting periods and accounting methods of a nonresident of New York State are made. (See sections 105.1, 105.2, 105.3, 105.10, 105.11, 105.12 and 105.13 of this Title.)

(b) Exclusion (Administrative Code of the City of New York, § 11-1905[b]).

If a taxable period of less than 12 months results from a change of taxable year, the exclusion allowable under section 11-1902(b) of the Administrative Code of the City of New York shall be prorated in accordance with the provisions of section 295.4(b)(2) of this Part.