On Tue, 2002-04-16 at 09:08, Linas Vepstas wrote: > On Mon, Apr 15, 2002 at 08:36:41PM -0700, David Hampton was heard to remark: > > On Mon, 2002-04-15 at 18:57, Linas Vepstas wrote: > > > > > > 1) save what kind of accounting method is used (FIFO, LIFO, or > > > one of the other IRS/tax-authority approved methods). > > > > There really isn't such a thing. > > Well, actually, there is. Well, OK, your right, there isn't for > cap gains schedules for personal income taxes, but when you do corporate > income taxes, there's only a few accounting methods tht the IRS > recognizes, and they're listed in little checkboxes on the form. (I forget > the acronyms, MCARS or MACRS or something like that). But you get the > point. And they vary from country to country.
Good to know. I've never done corporate returns so I had no idea about their rules. David
signature.asc
Description: This is a digitally signed message part
