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Modified accrual accounting method option?
My CPA that has done my scorp taxes for the past 10 years has always chosen "other - modified accrual" accounting method. I'm now doing my own taxes and would like to keep things consistent but I don't really see the option to select this method this year. Realistically I do a cash basis accounting, but don't really want to change it up and don't understand why he chose this method to begin with. I'm an ecommerce business that simply buys and sells things, nothing complicated.
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March 5, 2020
12:15 PM