USING THE CASH ACCOUNTING METHOD, CAN I MOVE SOME RECEIVABLES INTO THE PRIOR YEAR? I HAVE MANY EXPENSES LAST YEAR AND I DO NOT WANT MY RECEIVABLES TOO HIGH FOR THIS (2022) YEAR
You'll need to sign in or create an account to connect with an expert.
No if you use the cash method, you must report all income and expenses in the year received.
THANK YOU
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
JJPhare
New Member
baldietax
Level 8
siascesar14
New Member
MukeshJain
New Member
dtlbd
New Member