Accrual versus accounting method: accrual-based charge under residency provisions overrides cash-basis bookkeeping for taxing income. Where income has become taxable under the substantive provision governing non-resident receipts, that charging provision prevails over a taxpayer's ... Summary
Accrual versus accounting method: accrual-based charge under residency provisions overrides cash-basis bookkeeping for taxing income.
Where income has become taxable under the substantive provision governing non-resident receipts, that charging provision prevails over a taxpayer's cash-basis accounting; Section 145 is a machinery provision to effectuate the charge and cannot be used to defeat or nullify the substantive charge so as to allow taxable income to escape tax.
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TaxTMI 
TaxTMI 
