Why is the reserve method not allowed to be used for Federal income tax purposes?

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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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Question Posted: May 02, 2023 01:50 AM

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Why is the reserve method not allowed to be used for Federal income tax purposes?

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By creating a reserve for potential expenses or losses the reserve method is a tax accounting techni...View the full answer

South Western Federal Taxation 2015

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