flutterby
Familiar Member
Joined: Jan 22, 2013 9:16:42 GMT -5
Posts: 738 
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Post by flutterby on Feb 7, 2018 22:09:05 GMT -5
My son started a new job around Christmas 2017. He didn't get his first paycheck until the first week of January 2018. Will he get a W2 from that employer?
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TheOtherMe
Distinguished Associate
Joined: Dec 24, 2010 14:40:52 GMT -5
Posts: 27,111
Mini-Profile Name Color: e619e6
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Post by TheOtherMe on Feb 7, 2018 22:11:15 GMT -5
If he did not receive a check until January of 2018, he had no income in 2017 from that employer. It is 2018 income.
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flutterby
Familiar Member
Joined: Jan 22, 2013 9:16:42 GMT -5
Posts: 738
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Post by flutterby on Feb 8, 2018 9:38:03 GMT -5
That's what I thought. Thank you!
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rangerj
Junior Member
Joined: Jan 21, 2011 13:39:35 GMT -5
Posts: 242
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Post by rangerj on Feb 11, 2018 14:26:39 GMT -5
A CASH basis taxpayer reports income/expense in the year it is received/paid or when he/she has unrestricted access to the income. An accrual basis taxpayer reports income and expenses when the "All Events Tests" are met.
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