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3. True or False. An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be provided over
3. True or False. An advance payment received in June 2019 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period, can be spread over the 36 month period for tax reporting purposes? (Write "T" for true or "F" for false) 8. As part of a tax relief plan to counter the economic effects of the Coronavirus, Congress has proposed sending $1,200 to certain individual taxpayers. If this provision were passed, would the recipients have to include the $1,200 in income? Answer "yes" or "no" and provide a BRIEF explanation. (brief means 1 or 2 sentences only)
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