I am self-employed and have invoiced a client for Nov. and Dec. but have yet to be paid. Do I report unpaid or unearned income on my taxes?

298

1 Best answer

Alumni

Jun 4, 2019 8:58:59 PM

If you run on a cash basis accounting system (which most small businesses do), you only count income when its received.

Alumni

Jun 4, 2019 8:58:59 PM

If you run on a cash basis accounting system (which most small businesses do), you only count income when its received.