Accounting method:

  • Cash method versus accrual method, and when each method is permissible and desired;
  • Use of hybrid method of accounting;
  • Correcting incorrect initial choice of tax accounting year;
  • Constructive receipt and when items are recognized as income under the cash method;
  • Revising contracts to prevent constructive receipt of cash;
  • Federal tax litigation on constructive receipt, as well as deposits not income and disbursements allowed as expenses under the Cohan case;
  • Federal tax litigation on contract labor expenses paid in cash and required deduction under Cohan case;
  • Constructive payment and when items are recognized as an expense under the cash method;
  • All events test and recognizing income under the accrual method;
  • Items of doubtful collectability and accrual method;
  • Theft loss analysis;
  • Determining amount of deduction with reasonable accuracy, and ascertaining economic performance for deductions under the accrual method of accounting.