Time zones and tax write offs
 

Consider that at 12:05 AM on January 1, 2006 a business on the east coast makes an online purchase from a west coast company where it is 9:05 PM December 31, 2005, and the actual receipt is dated as such.

What would be the correct year for the business to write this purchase off on?

If the recipt says December 31, 2005 then it is still a 2005 write off i am sure.

Still better to ask your accountant.

1. It's New Years Eve

2. Accountants are famous for their drinking.


I have a friend who is an accountant that told me nobody is asked to be a partner at his firm unless they know how to drink at the office parties.

The question is too ambiguous.

Tangible/Intellectual goods, FOB Shipping/Destination, etc.?

if its 1201 where you are then its 06

when does the payment show up in your banking records?

yeah use the date on the receipt