Which of the following is not required for an accrual method taxpayer to currently deduct the cost of services received?
A) The liability must be paid.
B) The existence of a liability must be established.
C) The amount of the liability is determined with reasonable accuracy.
D) The services must actually be provided.
A) The liability must be paid.
There is no requirement for an accrual basis taxpayer to pay an expense in order to get a deduction.
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