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Which one of the following is the most correct statement regarding federal conformity: a) All states follow the federal rules under the Internal Revenue Code
Which one of the following is the most correct statement regarding federal conformity: a) All states follow the federal rules under the Internal Revenue Code for purposes of income taxation. b) With regard to static conformity states, taxpayers must be aware of which specific version of the IRC applies. c) All rolling conformity states adopt all provisions of the federal Internal Revenue Code "as is." d) Each state has its own rules and is not bound to follow the federal Internal Revenue Code
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