Basic Federal Income Taxation: Timing: Cash Method of Accounting

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The lesson includes problem sets to work through, allowing you to apply the Code and Regs. to a variety of situations involving accounting methods.

Learning Outcomes
On completion of the lesson, the student will be able to:

1. Describe the timing rules for a cash-method taxpayer as to checks, credit cards, notes, and contracts.

2. Explain how rules requiring the capitalization of pre-payments interact with the cash method of accounting.

 

20 minutes

Basic Federal Income Taxation: Timing: Cash Method of Accounting
by

James Edward Maule
Professor of Law
Villanova University School of Law

Charlene Luke
Professor and Associate Dean for Tax Programs
University of Florida Levin College of Law

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All Rights Reserved
Copyright 1988-2001 James Edward Maule

CALI Author Copyright 1999-2019 Center for Computer-Assisted Legal Instruction.

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Version 07/15/2021