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For the 2022 tax year, which of the following taxpayers cannot use the cash method of accounting? Group of answer choices: Qualified personal service corporations
For the 2022 tax year, which of the following taxpayers cannot use the cash method of accounting?
Group of answer choices:
Qualified personal service corporations
Farming and timber businesses
Partnerships that have a C corporation as a partner
Partnerships with annual average gross receipts of $27 million for the three prior tax years
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