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Author Question: Contracts for services including accounting, legal and architectural services do not qualify for ... (Read 58 times)

arivle123

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Question 1

A taxpayer must use the same accounting method, either percentage of completion or completed contract method, for all long-term contracts in the same trade or business.
◦ true
◦ false

Question 2

Contracts for services including accounting, legal and architectural services do not qualify for long-term contract treatment.
◦ true
◦ false


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Marked as best answer by arivle123 on Sep 13, 2020

Mollythedog

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arivle123

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Reply 2 on: Sep 13, 2020
Gracias!


phuda

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

 

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