Timeline for If my pay period is split between 2 calendar years, which tax year do I file them in?
Current License: CC BY-SA 4.0
7 events
when toggle format | what | by | license | comment | |
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Jul 28, 2019 at 21:09 | comment | added | Bob Jarvis - Слава Україні | The most important point is that you file based on what's on your W-2. If you report an amount on your 1040 which is different from the amount shown on your W-2 you're basically begging to be audited. Resist the temptation to overthink things. Put your W-2 amounts on your 1040 and you'll be fine. | |
Jul 28, 2019 at 14:41 | comment | added | Joshua | Beware this answer assumes "cash" accounting rules. 99.999% of people are on "cash" accounting rules, but if you're not you can't use this answer. | |
Jul 28, 2019 at 14:29 | comment | added | MTA | Under IRS rules, the pay date is the date that you have access to the funds "without substantial limitation or restriction". If you are supposed to be paid this year but you do not have access to the funds until next year, the pay counts toward next year's wages. | |
Jul 28, 2019 at 9:41 | comment | added | gnasher729 | Is that the date you get paid, or the date you are supposed to be paid? If you are supposed to get paid on the last working day of the month, and there is a problem with the payroll system or cashflow and you receive the money later? | |
Jul 28, 2019 at 3:00 | vote | accept | Pvo | ||
Jul 28, 2019 at 2:59 | comment | added | JTP - Apologise to Monica♦ | Exactly, it’s not up to taxpayer, the W2 (or 1099) dictated the year. | |
Jul 28, 2019 at 2:48 | history | answered | RonJohn | CC BY-SA 4.0 |