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Financial Planning / Tax Strategies


Subject:  Re: Why wait until year end to bill? Date:  11/14/2000  5:41 PM
Author:  bhusted Number:  41791 of 128275

If you bill too early then they may pay you before the end of the year. Their point is pushing receipt of payments into next year by billing them in Dec (or Jan or Feb...)so the income affects next year's taxes not this year's.

The other point seems to be the opposite situation. If you want to take a deduction this year for something you would normally pay next year then pay in December of this year.

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