Each taxpayer is a cash basis taxpayer.

Chapter $26,$ D$\mathrm{.}1$

Taxpayer owns a fashion boutique. On Friday December $29$th she had a large sale. At the close of business she added up her receipts, summarized below period from her Friday receipts how much must she include in her income for the year?

Cash $$5000$

Checks $$15,000$

Credit card charges$*$ $$45,000$

$*$ note that there is often a $2$ day delay between when taxpayer runs the credit card through her machine and when the company credits her account.

Chapter $26,$ D$\mathrm{.}4$

Taxpayer is a computer consultant. In November of this year taxpayer performed $$50,000$ worth of services for Client. Taxpayer set Client the bill at the end of November and Client mailed a check. While taxpayer received the check on December $27$th$,$ he did not deposit it until the following year. In which year must taxpayer report the $$50,000?$

Chapter $26,$ D$\mathrm{.}9$

Taxpayer makes a $$10,000$ charitable contribution to his favorite charity by placing a charge on his credit card. For purposes of determining whether taxpayer is entitled to a charitable contribution deduction, when is the payment considered as having been made?