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Topic: REG Question of the Day - August 16 (

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UFundMyCo11ege
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Joined: 27 Jun 2011
Location: United States
Online Status: Offline
Posts: 99

Posted: 16 Aug 2012 at 20:14 \| IP Logged

Which of the following taxpayers may use the cash method of
accounting?

(A) A tax shelter
(B) A qualified personal service corporation (PSC)
(C) A C corporation with annual gross receipts of $50M
(D) A manufacturer

__________________
BEC---10/20/11: 81 (PASSED)
FAR---11/21/11: 76 (PASSED)
AUD---2/4/12: 71; 7/16/12: 95 (PASSED)
REG---5/29/12: 69; 8/20/12: 78 (PASSED)

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UFundMyCo11ege
Contributor

Joined: 27 Jun 2011
Location: United States
Online Status: Offline
Posts: 99

Posted: 18 Aug 2012 at 14:59 \| IP Logged

Answer:(B) Qualified personal service corporation (PSC)

__________________
BEC---10/20/11: 81 (PASSED)
FAR---11/21/11: 76 (PASSED)
AUD---2/4/12: 71; 7/16/12: 95 (PASSED)
REG---5/29/12: 69; 8/20/12: 78 (PASSED)

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