The accounting method trap.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on August 1, 1992. The length of the article is 606 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Businesses defined as tax shelters must use accrual accounting instead of cash accounting. If the change to accrual accounting is not made when required then all adjustments will occur in one year if lack of compliance is discovered. To prevent this problem, inactive family members should own under 35% of the company. Recognition of losses can also be prevented by careful monitoring of cash receipts and outlays.

Citation Details
Title: The accounting method trap.
Author: Bruce J. Belman
Publication:The Tax Adviser (Magazine/Journal)
Date: August 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n8 Page: 503(2)

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