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Submitted 396 days ago...

petesull

petesull

New User (2)

Paying property taxes with a credit card in 2007 & paying off in 2008

I am a business owner and have a large property tax amount to pay for 2007. If I pay in 2007 and then make payments on the credit card in 2008, what tax year will I write off my taxes.

 
 
 
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Answer 1 / 4

Submitted 396 days ago...

jreberry

jreberry

Authority (232)

Interesting question. does your company do cash or accrual accounting?

 

Answer 2 / 4

Submitted 395 days ago...

petesull

petesull

New User (2)

We use cash accounting method.

 

Answer 3 / 4

Submitted 375 days ago...

sidelko

sidelko

Brain (3,056)

That is an interesting question.

 

Answer 4 / 4

Submitted 204 days ago...

Fakery

Fakery

Brain (2,574)

For 2007 since that is the year you were paying them for

 
 

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