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Business & farm
No. If you were paid $100 that is your income with no deduction for the $50 you did not receive. The good news is that you don’t pay tax on the $50 you didn’t receive.
As a practical matter I think you can understand that using your logic, a therapist could set their fee at $200, receive $100 and then write off the other $100 and so report no taxable income.
March 6, 2022
6:34 PM