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Old 12-20-2011, 03:58 PM
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Join Date: Feb 2010
Posts: 6
When are S corporations required to use the Accrual Method of Accounting?

Are S Corporations subject to the same rules as a C corporations when revenues for the preceeding 3 years exceed exceed $5mm, in that the IRS requires them to report income and expenses on an accrual method?

I could not see any research stating this is applicable to S Corp's. Any help here would be most appreciated.

Thanks... Great Job on keeping us well informed!

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