TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Timing of Purchase

February 08, 2012

Today TaxMama® hears from Insha in the TaxQuips Forum with this question. “I run a daycare center in my home. I file a Schedule C on the cash basis. In February 2011, I bought an asset for my business that cost $2,000. I’m making payments of $100 per