This year the irs sent peaceful an audit notice it contends, Ask an Expert

Accounting

This year, the IRS sent Peaceful an audit notice. It contends that the amount prepaid under Peaceful’s program constitutes prepaid income that must be included in Peaceful’s income (and therefore subject to tax) in the year in which it is received. Peaceful has come to you for advice. Is the IRS correct?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91408800

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