Posted 1/20/2025 20:24 (#11065518 - in reply to #11065274) Subject: RE: Inventory and taxes?
Columbia Basin, Ephrata, WA
MiradaAcres - 1/20/2025 16:43
With accrual to can liquidate inventory with no tax liability since the revenue is offset by drop in inventory.
With accrual you can get stuck with tax bills you don’t have the cash to pay because it’s tied up in inventory or receivables. The IRS doesn’t want to be paid in potatoes.
Inventory and taxes?
