I performed maintenance service from Jan 2018 to Dec 2019 and invoiced on Jan 2019 and got paid ion 2019 will it need to be filed for the 2018 tax year or 2019 tax year?
I performed maintenance service from Jan 2018 to Dec 2019 and invoiced on Jan 2019 and got paid ion 2019 will it need to be filed for the 2018 tax year or 2019 tax year?
Self-Employed taxpayers and subcontractors are required to report their income using the "Accrual Method". Therefore you will report the income according to the dates you actually performed the work. All work performed in 2018 needs to be entered on the 2018 tax return.
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