Thread: Tax write offs
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Old Fri Mar 21, 2008, 01:10pm
bob jenkins bob jenkins is offline
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Join Date: Aug 1999
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Quote:
Originally Posted by vbzebra
This was my first year...I only did rec league and got under $600, so I won't need a 1099. I already filed my taxes and got my returns before my officiating check came in. Do I have to do another filing separate for this or would I be able to wait to do it for next tax year?
I am not a tax accountant, but most taxpayers are on a cash basis, so you'd report the income in the year in which it was received. So, if you worked in 2007, but were paid in 2008, you'd report the income on your 2008 taxes (usually filed in 2009).
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