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Author Question: A cash-basis taxpayer can defer income recognition by refusing to accept payment. (Read 95 times)

wenmo

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on: Sep 13, 2020

Question 1

Which of the following advance payments cannot qualify for income tax deferral?
◦ advance collection for services
◦ advance collection for merchandise
◦ advance collection of rent without associated services
◦ advance collection of rent with associated services

Question 2

A cash-basis taxpayer can defer income recognition by refusing to accept payment.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by wenmo on Sep 13, 2020

mcarey591

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wenmo

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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