bewaretheirs

25 ms·

1. 301.▲
   by bewaretheirs 12y ago

   The tip4commit payment is a tip paid because of work you did; elsewhere in IRS pub 525 and pub 531 it's clear (well, as clear as any IRS document ever is) that tips count as income. the checking account offer isn't compensation fo
2. 302.▲
   by bewaretheirs 12y ago

   in the US the key event is when the income becomes available to you, not when you collect it. The proper thing to do in your hypothetical case (where you didn't see the message until well into the next tax year) would be to file an ame
3. 303.▲
   by bewaretheirs 12y ago

   In the US, if a payment is "available" to you, it must be reported as income at the time it becomes available. Failure to cash a paycheck doesn't mean you don't owe tax on it. See IRS publication 525, page 2, "cons