Cash Method of Accounting for Professional Health Services Corporations: Osteopathic Medical Oncology and Hematology, P.C. v. Commissioner
In Osteopathic Medical Oncology and Hematology, P.C., v. Commissioner, the Tax Court held that the taxpayer could use the cash method of tax accounting to expense drugs when the drugs are used as an indispensable and inseparable part of the rendering of chemotherapy services...
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- Taxation Section