What is considered as deferred revenue in Form 990?
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Last modified 6/10/2020 7:14:05 AM EST |
Added by ExpressTaxExempt Team
Deferred revenue is considered as the revenue produced by an organization during the tax year for goods or services that haven't been delivered or performed yet. This amount will be reported as a liability in the balance sheet of the form. This can be counted as revenue only after the delivery or the service has been performed.