Questions & Answers

What is the accrual method?

Under the accrual method, total sales and total charges are reported even though payment may be received in a different tax year. You deduct expenses in the year they were incurred, regardless of when the expense was paid.

Let's Get Started

© 2002-2019 FreeTaxUSA, a TaxHawk, Inc. owned and operated website - Terms of Use | Privacy Statement