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cash basis accounting, January to December fiscal year

if you operate on the cash basis and you receive a payment for your services in January but the check is dated December which year are you suppose to claim it according to the IRS? Thanks

Asked by: 508 days ago - 1 Answers - 1110 views

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    As I’m not a US Citizen, I believe you have to claim it for January, as you will receive the money in January. But that’s my opinion and it would be the way we would do it in Germany.

    BTW, why not ask the IRS directly. Just give them a call.

    Answer by abenetis 504 days ago


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