A Taxpayer Must Use the Same Accounting Method on the Personal

question 245

True/False

A taxpayer must use the same accounting method on the personal tax return that the taxpayer uses in the taxpayer's trade or business.

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Definitions:

Constant Body Temperature

The maintenance of a steady internal body temperature regardless of external environmental changes.

Birds

Warm-blooded vertebrates with feathers, wings, a beak, and typically the ability to fly, laying hard-shelled eggs.

Bipedalism

The ability to walk on two legs, a key characteristic that distinguishes humans and their ancestors from other primates.