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Retirement tax questions
Yes, your business can use one method for tax returns and another method for your 'books'.
However, that MIGHT complicate things, as you will need to essentially keep two sets of records.
If you change your method on your tax return, that needs a special form (3115) and I HIGHLY advise going to a tax professional for that year.
However, that MIGHT complicate things, as you will need to essentially keep two sets of records.
If you change your method on your tax return, that needs a special form (3115) and I HIGHLY advise going to a tax professional for that year.
‎June 4, 2019
12:38 PM