Which of the following taxpayers may use the cash method of accounting?
a. A tax shelter.
b. A qualified personal service corporation.
c. A C corporation with annual gross receipts of $50,000,000.
d. A manufacturer.
Answer: B
Which of the following taxpayers may use the cash method of accounting?
a. A tax shelter.
b. A qualified personal service corporation.
c. A C corporation with annual gross receipts of $50,000,000.
d. A manufacturer.
Answer: B