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Prepay 2019 inputs?
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IN555
Posted 1/24/2019 08:02 (#7268440 - in reply to #7268399)
Subject: RE: Prepay 2019 inputs?


NW Indiana
Other than delaying some income one time we would be in the exact same place. Your tax liability has not changed, you just decided to delay a chunk until a later date. Really you aren't gaining much.

Edit: Really to do a proper balance sheet there should be a line on the liabilities for deferred tax. If I am carrying 300K of sales over with no expense I likely have over 100K of tax liability that hasn't been realized.

Edited by IN555 1/24/2019 08:06
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