If someone provides a taxpayer with either property or services, economic performance occurs when
A)The taxpayer actually uses the property.
B)The property or services are actually provided.
C)The liability to pay for the property or services exists.
D)The taxpayer pays the other person for the property or services.

Question

Quizplus · Accepted Answer

Economic performance for property or services occurs when the property or services are actually provided to the taxpayer, regardless of whether or not payment has been made or the property has been used.

If Someone Provides a Taxpayer with Either Property or Services