Tax Basis of Accounting
- Dennis Daggett (Deactivated)
Owned by Dennis Daggett (Deactivated)
2018-02-17
1 min read
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Tax basis of accounting is not a single, uniquely defined basis of accounting. Rather, it is whatever basis of accounting (cash basis, modified cash basis, accrual basis) selected by a taxpayer for the purpose of calculating taxable income and which is acceptable to a taxing authority, consistent with the statutes and regulations of that taxing authority.
Authorization Path: 2.2.5.2.43.1