Re: CAN I MOVE SOME RECEIVABLES INTO THE PRIOR YEAR?

CAN I MOVE SOME RECEIVABLES INTO THE PRIOR YEAR?

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

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No if you use the cash method, you must report all income and expenses in the year received.

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Questions re EV Credits under IRC 45W (Commercial Clean Vehicle Credit), IRC 169 (Expenses), IRC 179 (Bonus Depreciation) and IRC 280F (Luxury Auto Depreciation Cap)

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