True and False

QUESTION 16 As a result of Rev. Proc. 2004-34 and the Tax Cuts and Jobs Act of 2017, tax and financial accounting for prepaid income are not always in agreement. True False QUESTION 17 Seth, a cash basis taxpayer, collects the rent for December this year and January next year on December 1, this year. Seth must include the December rent in his gross income this year and also the January rent in his gross income this year. True False QUESTION 18 Generally, the alimony recapture rules apply if the payments are structured to decrease over time. True False