Business Administration

Tag: Section 7502(a)(1)

  • Mailbox Rule in Business

    Mailbox Rule in Business

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    by

    David J Hoare MSA
    in

    There is one tax rule that confuses business owners and it relates to the year-end practice of paying bills and receiving compensation for receivables. This is referred to as the ‘Mailbox Rule’. This is strictly a tax issue for cash basis taxpayers. I’m here to set the record straight!