You are right as long as you use the cash method instead of the accrual method of accounting.
I have seen this before too. I always check for discreptacies. Its just as important to know where it came from, as where it went. My accountant took care of it. Good luck
Re: Tax Time
Member #: 22394
Registered: 3/15/2003
Posted:
459
Name:
Shane Fountain
Name:
Shane Fountain
Company:
H&F Catv
Occupation:
Coax&Fiber Construction/Splicing
Location:
S.C.
Personal:
early 50s
Experience:
~31 years
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