Lawful assets accounting is different from revenue and expenses accounting--the latter pursuant to IRS rules. Accountants have customary and lawful methods for keeping assets off and on any reports. IRS has customary and lawful methods for reviewing what it wants reported. Likely anyone goes with the filed reports of revenues and expenses.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.