Helpfulbox Now Offers Free POS Software for restaurants, kiosk, and any other retails business completely free used windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, al for free.

income for 2012 or 2013 I billed my client in 2012, he paid me in 2012 and check is dated in 2012 but I will be depositing in 2013 Does this income go to 2012 or 2013 taxes? would greatly appreciate any guidance! :)

By: Guest
Date: Unknown--
Response
0
2012

Constructively-received income. You are generally taxed on income that is available to you, regardless of whether it is actually in your possession.

A valid check that you received or that was made available to you before the end of the tax year is considered income constructively received in that year, even if you do not cash the check or deposit it to your account until the next year. For example, if the postal service tries to deliver a check to you on the last day of the tax year but you are not at home to receive it, you must include the amount in your income for that tax year. If the check was mailed so that it could not possibly reach you until after the end of the tax year, and you could not otherwise get the funds before the end of the year, you include the amount in your income for the next year.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/What-is-Taxable-and-Nontaxable-Income%3F

[d] By: Guest
Date: unknown---
Response
0
In the year you constructively got the check.
[d] By: Guest
Date: unknown---
Response
0
Depends on how you file

This also depends on what form of filing you are doing... whether cash basis or accrual basis.

[d] By: Guest
Date: unknown---
Response
What is 1 + 100



Helpfulbox Now Offers Free POS Software

for restaurants, kiosk, and any other retails business completely free. It can be used as windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, all for free.

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