I completed some independent contract work in November-December 2017 but did not receive payment until 2018. Should I file this income for 2017 or 2018?
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I completed some independent contract work in November-December 2017 but did not receive payment until 2018. Should I file this income for 2017 or 2018?
I completed some independent contract work in November-December 2017 but did not receive payment until 2018. Should I file this income for 2017 or 2018?
If you are on the cash basis of accounting whereby you recognized income as received and expenses as paid, you should recognize income in the year paid-in this case 2018.