Charlie’s Green Lawn Care is a cash basis taxpayer. Charlie Adame, the sole proprietor, is considering delaying some of his December 2018 customer billings for lawn care into the next year. In addition, he is thinking about paying some of the bills in late December 2018, which he would ordinarily pay in January 2019. This way, Charlie claims, he will have “less income and more expenses, thereby paying less tax!” Is Charlie’s way of thinking acceptable? Please explain.
Please be sure to include at least APA formatted references for your initial post. Always begin with your eText for a first source of information. This means that your eText will always be included as a reference in each initial post for each discussion board this semester. Also, please be sure to reference the IRS web address used.
Please check your initial post for comments or questions from me and be sure to provide a comprehensive response, as requested.
You are required to enter a minimum of three meaningful posts for full credit for the weekly discussions. These will include your initial post, your response to me, and a response to at least one classmate. If you enter your initial post late on Saturday, it's possible that I may not be able to provide any comments to your thread. If that is the case, please meet your minimum number of posts by responding to at least two classmates. I encourage you enter your initial post to the weekly discussion boards as early in the week as possible. This allows your hard work to be read by your classmates. Additionally, posting early in the week gives you the time needed to develop thoughtful initial posts that will likely earn the maximum number of points.