Podcasts Other Ed Zollars' Tax Update Podcast A Matter of Timing-When Income and Deductions are Reported

A Matter of Timing-When Income and Deductions are Reported

Published: Jan. 31, 2009, 8:09 p.m.

b'What if a customer tells you they are going to reduce what they pay you for the work you just delivered to them because you owe them to fix for a bad job you did on an earlier contract?\\xa0 If you are on the accrual basis, can you reduce your accrued receivable or record an expense if you are disputing that claim?\\xa0 That is the issue being dealt with this week in the case of Trinity Industries v. Commissioner, 132 TC No. 2.

The written materials can be downloaded at http://www.edzollars.com/2009-02-02_Timing.pdf .

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .
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