While there is not much detail here, but regardless, you should probably meet with a tax professional to have a one-on-one as this type of question is really beyond the scope of a forum such as this.
But in general:
- First, the deductibility will depend on your method of accounting.
- If cash method, it is cut and dry. Deductible when paid.
- If accrual, the issue becomes a bit more complicated.
- For accrual method taxpayer's you need to look at the economic performance provisions along with the possibility of the recurring-item exception.
- As a result of bullet two, that is why it is best to meet with a tax professional.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
