- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
Since you never received the money, it shouldn't be in your overall revenue if you are a cash-basis taxpayer. No additional adjustment is necessary aside from not showing the invoiced amount as income.
However, if you are an accrual-based taxpayer, and this income was reported in a prior tax year you may need to make an adjustment. Let us know if this is the case for you.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 13, 2025
2:39 PM
357 Views