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1099 Help!
Hello Im a " contractor " in sales and have collected multiple payments from different customers for buildings they have ordered this year (2021). The company who has contracted me will not be inputing the data in their system until the acutal buildings will be INSTALLED which will be in 2022.
MY QUESTION:
Since my credit card processing provider will report this as income, what should i do in a situation like this as far as paying the taxes on the payments i have collected.
It is also hard for me to know which customers have been installed at this point because i have sold 50+ buildings this year. Any help would be greatly appreciated.
‎December 16, 2021
3:02 PM