LO7 Inga, an attorney, completed a job for a client in November 2010. If she bills the

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LO7 Inga, an attorney, completed a job for a client in November 2010. If she bills the client immediately, she will receive her $10,000 fee before the end of the year. By delaying the billing for a month, she will not receive the $10,000 until 2011. What factors should Inga consider in deciding whether she should delay sending the bill to the client?

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Concepts In Federal Taxation 2011

ISBN: 9780538467926

18th Edition

Authors: Kevin E. Murphy, Mark Higgins

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