Requiring the use of accrual accounting for tax purposes: is the IRS always right?(Internal Revenue Service): An article from: Leader's Edge

This digital document is an article from Leader's Edge, published by Michigan Association of CPAs on February 1, 1998. The length of the article is 1267 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: The IRS has the ability to challenge a taxpayer's use of the cash basis method of accounting for taxation purposes. There are several sources of law that support conditions wherein the agency can challenge the use of such a method during an audit. However, the IRS is not always right in promoting accrual accounting instead of the cash basis method. There are several authorities that taxpayer's can utilize to defend their position regarding their use of the cash basis method.

Citation Details
Title: Requiring the use of accrual accounting for tax purposes: is the IRS always right?(Internal Revenue Service)
Author: John C. Maddox
Publication:Leader's Edge (Magazine/Journal)
Date: February 1, 1998
Publisher: Michigan Association of CPAs
Volume: 1 Issue: 2 Page: 6(2)

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