You'll need to sign in or create an account to connect with an expert.
Income is taxable in the year it is received, even if it was earned or otherwise due to you in an earlier year.
In your case, if you did not receive the back pay until 2017, you will report it on you 2017 income tax returns.
Income is taxable in the year it is received, even if it was earned or otherwise due to you in an earlier year.
In your case, if you did not receive the back pay until 2017, you will report it on you 2017 income tax returns.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jamestoya81
New Member
gregamandasawyer
New Member
in Education
emyoder35
New Member
Classicist
New Member
shavehn636
New Member