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As a gig worker, how do I determine my quarterly gross income when they pay me weekly and the month end earnings will be paid out at the beginning of the next month?

Should I wait for the statement and break it up? Does it count as earnings for the next quarter since it was paid out during the following month/quarter?
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2 Replies

As a gig worker, how do I determine my quarterly gross income when they pay me weekly and the month end earnings will be paid out at the beginning of the next month?

As a cash based taxpayer the income is considered taxable when it is recieved not when it is earned.  

Hal_Al
Level 15

As a gig worker, how do I determine my quarterly gross income when they pay me weekly and the month end earnings will be paid out at the beginning of the next month?

Q. As a gig worker, how do I determine my quarterly gross income?

 

Why do you think you need that information?  If it's for making quarterly estimated tax payments, the simple thing  to do is make 4 equal payments based on your prior year tax liability.  Most self employed people do it that way. 

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