On December 31, 2012, a taxpayer pays state income taxes by the following methods. Which one cannot be deducted on a 2012 return?
a. Incorrect. Because the taxpayer had sufficient funds to cover the check mailed before the end of the year, it is deductible in the year of mailing even though the check is cashed in the following year.
b. Incorrect. Personal delivery is payment on the date of delivery.
c. Incorrect. Because the bank statement shows the funds were paid on December 31, the payment is deductible in 2012.
d. Correct. The computer transfer is not treated as payment until it is reported on the account statement, which in this case was January 2, 2013.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
