Proposed Revenue Procedure Using the Cash Basis

Curatola, Anthony P.; Bloom, Robert
July 2002
Strategic Finance;Jul2002, Vol. 84 Issue 1, p15
The article discusses a recent U.S. Internal Revenue Proposal Notice 2001-76 that would permit a small business owner with gross receipts of less than $10 million to use the cash method of reporting. The article explains the details of the proposal, including the revenue parameters and three scenarios of the procedure in practice.


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