Hi All - 

I have a clinet who files 1120-S and is on a cash basis.

In 2023, he applied for ERTC through an outside consultant who filed amended payroll tax returns for 2020 and 2021. The ERTC refund was received in the fall of 2023.

Can the refund, net of commissions, be picked up in 2023 as other income since it is CASH BASIS taxpayer? - to avoid amended any prior income tax returns... again, since it is a CASH BASIS taxpayer...

Thanks in advance.