Fri Mar 21, 2008, 01:27pm
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Official Forum Member
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Join Date: Jul 2005
Posts: 2,010
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Quote:
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Originally Posted by bob jenkins
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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As a CPA who at one time in my career did taxes, I can confirm that this is correct.
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