§ 10-502
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/md/tax-general/10-502A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–502.
(a)If a person does not file a federal income tax return, the person shall compute Maryland taxable income in accordance with the cash or accrual accounting method that:
(1)the person uses to compute income regularly in keeping the person’s books; or
(2)the Comptroller requires to reflect clearly the person’s income.
(b)If a person does not file a federal income tax return, the person shall compute Maryland taxable income:
(1)for the calendar year; or
(2)if the person keeps adequate records for an annual fiscal year accounting period, for the fiscal year.