California Revenue and Taxation Code

§ 19314

RTC § 19314 Effective Sep 22, 1994Div. 2 · Part 10.2 · Ch. 6 · Art. 1

Statute text

(a)Notwithstanding any statute of limitations otherwise provided for in this part, any overpayment due a taxpayer for any year, shall be allowed as an offset in computing any deficiency in tax, for the same or any other year, if the overpayment results from any of the following:

(1)A transfer of items of income or deductions or both to or from another year for the same taxpayer.

(2)A transfer of items of income or deductions or both for the same year for a related taxpayer described in Section 19110.

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Legislative history

Amended by Stats. 1994, Ch. 726, Sec. 37. Effective September 22, 1994.