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If you are a "cash basis" taxpayer - which most people are - then the act of "billing" is not reportable income to you. It's the act of actually getting paid that creates reportable income. Assuming you are a cash basis taxpayer you do not include the billed but unpaid income in your 2016 income tax return.
Tom Young
If you are a "cash basis" taxpayer - which most people are - then the act of "billing" is not reportable income to you. It's the act of actually getting paid that creates reportable income. Assuming you are a cash basis taxpayer you do not include the billed but unpaid income in your 2016 income tax return.
Tom Young
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