Read:
http://law.justia.com/cases/federal/appellate-courts/F3/219/1103/532061/
Analyze the cash method and the accrual method described in the case above.
1) How did Jim Turin & Sons, Inc. assert its position?
2) What were the key points in the decision that determined revenue recognition?
3)Analyze the cash method described in the case
4) Analyze the accrual methods described in the case
5)Summarize key points in the decision that determined revenue recognition.
Note:
Use https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance, Treasury Regulations, Case Law, and other tax laws as references.
