Posted by Loc on August 26, 2011 at 10:18:40:
You only owe on what you receive.
But be sure to consult with your accountant.
Posted by Loc on August 26, 2011 at 10:18:40:
You only owe on what you receive.
But be sure to consult with your accountant.
Installment sale taxes - Posted by RJ Ball
Posted by RJ Ball on July 31, 2011 at 16:28:45:
I am planing to do some home improvement work for several customers and let them pay me in installments over a 12 to 36 month period. What are the tax implications? Do I owe for the whole sale in the first year or only as I receive the payments? Thanks