An Advance Payment Received in June 2018 by an Accrual

question 100

True/False

An advance payment received in June 2018 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period can be spread over four tax years.

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Definitions:

Employer-Initiated

Actions or policies that are begun or implemented by employers within an organizational or labor context.

Certification Elections

An official process in which employees vote to decide whether they want to be represented by a particular union.

Specific Union

A particular labor union that represents workers in a specific sector, industry, or company.

Opportunistic Organizing

A strategy by labor unions to capitalize on sudden opportunities to gain new members or push for labor rights enhancements.