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A taxpayer performs services for customers with payment due within 3 0 days. All customers pay within the time limit . What would be the
A taxpayer performs services for customers with payment due within days. All customers pay within the time limit What would be the benefit to the taxpayer using the cash method of accounting rather than the accrual method?
The taxpayer can defer
in gross income by using the cash method of accounting when the customers or clients pay subsequent to the taxpayer delivering the goods or performing the services.
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