Palace company an accrual-basis taxpayer is writing the


Palace Company (an accrual-basis taxpayer) is writing the lease agreements for its new apartment complex, Palace Apartments, which will rent for a minimum of $2,000 per month. Palace wants tenants to pay $6,000 when they sign the lease and is considering two alternatives. Under the first alternative, $4,000 would be rent for the final two months of the lease, with $2,000 for the damage deposit. Under the second alternative, $2,000 would be for the last month’s rent and $4,000 would be for the damage deposit. Discuss the tax implication of each alternative and recommend one.

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Macroeconomics: Palace company an accrual-basis taxpayer is writing the
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