qbteachmt
Level 15
04-02-2025
09:23 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Bank deposit date for ACH/EFT is one thing. Those are timely. Bank deposit date when it came in the mail over Christmas and your taxpayer didn't go to the bank or do phone app deposits until back in the office in Jan, isn't cash basis 2025. That banking delay doesn't override that the money came in 2024.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers