So it would be good to have a few more facts:
- Is this just a one time error, or have you been handling this incorrectly for more than one year
- Explain why you would have included accounts receivable in income when you are a cash basis taxpayer; which is most likely the case
- Explain in a little bit of detail what exactly you have done (or did) in the past
- What type of business are you involved in?
*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.
