Client got invoiced before the year end, but paid in the new year, how to handle that?

goldundug · ‎October 29, 2019

TurboTaxJeffrey · ‎October 29, 2019

You will include that income in the 2015 tax return. The fact that the client delayed paying you just means it appeared on the books as a receivable, and the receivable was paid in 2016.

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goldundug · ‎October 29, 2019

Do I have to declare it again in 2016?

TurboTaxJeffrey · ‎October 29, 2019

No you won't have to declare it again in 2016.

goldundug · ‎October 29, 2019

Awesome! Thanks 🙂

Client got invoiced before the year end, but paid in the new year, how to handle that?

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