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Service performed November 2021 and didn't get the invoice until February 2022, can I claim expense in 2021?
I ordered a newsletter printing and mailing in November 2021 and that service was performed later that month. However, I did not receive the bill until yesterday (February 4, 2021). I guess this was due to COVID because they don't normally take this long to bill me. The expense is around $200.
In looking at IRS Publication 538, I cannot claim this expense in 2021 because I've been using the Cash method on my Schedule C. According to it, I can only claim it for 2021 if I use the accrual method, which I clearly don't.
Am I understanding this correctly?
Thanks in advance for any help you can give.
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‎February 5, 2022
6:09 AM