Actually, it doesn't really matter if he's using the cash or accrual method of accounting. Under the accrual method for tax purposes, income is reportable when received or when earned, whichever is earlier (see IRC section 451) and expenses, such as cost of sales are not deductible until both the all events test and the economic performance test have been met (see IRC section 461). In my limited experience with kickstarter projects, there seems to be considerable lag between the time the project gets funded, and product starts being produced. If the revenue portion of the transaction happens in a taxable year before the expense portion, then cases like the ones Burzmali describes are going to arise.
There's not much a CPA or tax attorney can do about that after the fact, but good planning beforehand might mitigate the situation somewhat.
When the last law was down and the devil turned 'round on you where would you hide, the laws all being flat? ...Yes, I'd give the devil the benefit of the law, for my own safety's sake. -- Robert Bolt; A Man for all Seasons