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Self employed
Hi Mike9241,
The check arrived at my house some time between Jan 5th and Jan 16th while I was out of town. The check is dated 12/23/22. So which date determines the tax year it belongs in, the date the check was cut or the date I received it? Also, I don't recall anyone asking me to elect whether I wanted to be on a cash or accrual basis when I was hired on as a contractor. I only became aware of the terminology just recently. Does it default to one or the other if you don't make an election?
‎January 22, 2023
9:46 AM