Holding the Check Won't Save You Tax

Income counts when it's yours to take — not when you cash it
Course #: FN-012
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Field Note Description

Thinking about holding a grain check until January to keep it off this year's taxes? It won't work — and this Field Note explains why. Learn how the cash method really treats income, why money that's simply available to you already counts, and the one legitimate way to shift income into next year — the one you'll want to set up with your preparer before you deliver.