N.Y. Comp. Codes R. & Regs. tit. 20, § 19-3.3 – IBF alternative entire net income allocation rules. | Midpage
§ 19-3.3
N.Y. Comp. Codes R. & Regs. tit. 20, § 19-3.3
IBF alternative entire net income allocation rules.
Department of Taxation and Finance
(a) A taxpayer which has established an IBF, as described in Subpart 18-3 of this Title, and which has elected to use the IBF formula allocation method pursuant to section 19-2.3 of this Part, must make the same election for purposes of allocating alternative entire net income by the alternative entire net income allocation percentage. If, pursuant to section 19-2.3 of this Part, a taxpayer utilizes the IBF modification, the taxpayer must utilize the IBF modification for purposes of computing alternative entire net income and the alternative entire net income allocation percentage.