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.

View solution in original post

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.

View solution in original post

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 🙂

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

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

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

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

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

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

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

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

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

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

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

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