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  1. #1
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    Tax Question
    Doing my taxes and was looking through check stubs and found on the old style stubs there is 2 dates. There are no labels for the dates but would assume that one is the transaction date and one is the check date so which is which? And if there is a 2004 transaction date and a 2005 check date which year is the tax year for that income?

    Thanks for any help
    Tami

  2. #2
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    No one knows? Not even a Linkshare moderator?
    Still trying to do my taxes,
    Tami

  3. #3
    ABW Ambassador LinkShare Moderator's Avatar
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    Tami,
    For tax purposes, taxpayers are cash basis therefore it should be reported by the taxpayer in 2005.

    Ranae

  4. #4
    Moderator MichaelColey's Avatar
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    Check with your accountant. All taxpayers are not cash basis. It'll depend on several different things.
    Michael Coley
    Amazing-Bargains.com
     Affiliate Tips | Merchant Best Practices | Affiliate Friendly? | Couponing | CPA Networks? | ABW Tips | Activating Affiliates
    "Education is the most powerful weapon which you can use to change the world." Nelson Mandela

  5. #5
    ABW Ambassador Ron Bechdolt's Avatar
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    Quote Originally Posted by LinkShare Moderator
    Tami,
    For tax purposes, taxpayers are cash basis therefore it should be reported by the taxpayer in 2005.

    Ranae
    I'm not sure that is correct, especially if you are running an actual or online store in which you purchase and sell inventory (obviously I don't know, but something in the back of my mind says this may not be accurate for 100% of your affiliates). It might be better to refer this individual to the IRS web site or their support phone number.
    Ron Bechdolt | Affiliate Program Management Consultant
    7 Days A Week Marketing

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