MBooks-Tax
Level 3
 
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IRonMaN
Level 15

Cash


Slava Ukraini!
sjrcpa
Level 15

Your choice. If you use accrual then fill out the M-1 for all the accrual to cash differences.

I used to use cash, but then clients started having to file the M-3 so now I mostly do accrual presentation.


The more I know the more I don’t know.
MBooks-Tax
Level 3

Thank you very much!

qbteachmt
Level 15

Do they have inventory? That is when you will see not purely cash basis, but mixed, or "modified."

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