fpc
Level 4

Get your taxes done using TurboTax

Reasonable idea.

 

Please allow me to ask one final question...

 

In mid-year of 2020, I did anticipate what the expenses would be to prepare 2021 taxes.  I set the funds aside  in an Accounts Payable account but did not write myself a check to cover those anticipated expenses.  I wanted to be sure not to distribute those funds to the beneficiaries.  Would it be an acceptable practice to indicate that I had been paid in 2020 even though I hadn't written the check?

 

Thank you for the help!