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New Member
posted Jun 6, 2019 12:55:39 AM

Can I deduct a payroll (with taxes) payment for December 2018 that was paid in January 2019? The payment does not show up on my employee w-2...

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1 Best answer
Level 15
Jun 6, 2019 12:55:40 AM

If you are accrual based method if accounting then yes.

If you are cash based method then no. (Report income when received not earned, and deduct expenses when paid not incurred).

1 Replies
Level 15
Jun 6, 2019 12:55:40 AM

If you are accrual based method if accounting then yes.

If you are cash based method then no. (Report income when received not earned, and deduct expenses when paid not incurred).