MBooks-Tax
Level 3
03-27-2022
10:00 AM
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sjrcpa
Level 15
03-27-2022
10:10 AM
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Your choice. If you use accrual then fill out the M-1 for all the accrual to cash differences.
I used to use cash, but then clients started having to file the M-3 so now I mostly do accrual presentation.
Ex-AllStar
MBooks-Tax
Level 3
03-27-2022
11:05 AM
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Thank you very much!
qbteachmt
Level 15
03-27-2022
03:07 PM
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Do they have inventory? That is when you will see not purely cash basis, but mixed, or "modified."
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.