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A comment on When A Kickstarter Campaign Fails, Does Anyone Get Their Money Back?. Parent comment

Re:When A Kickstarter Campaign Fails, Does Anyone Get Their ... by rprasad on Tuesday September 04, 2012 @12:23AM (#4473100)
Cash method taxpayers do not get to take advantage of "matching principles". They must report income when received.

Matching principles only apply to accrual method taxpayers, who may record invoices or liabilities separately from the actual payment or receipt of payment.

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Re:When A Kickstarter Campaign Fails, Does Anyone Get Their ... by mediascreen on Tuesday September 04, 2012 @05:08AM (#4473754)
Sorry, it really didn't occur to me that people who raised that much money would not have a business, but maybe it's more common than I thought.
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