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    getlo's Avatar
    getlo Posts: 8, Reputation: 1
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    #1

    Dec 9, 2010, 10:59 AM
    When is income considered earned?
    If I was to start a new job before the end of this year BUT not get paid until on or after Jan 1st of 2011, will I be getting a W-2 for 2010 taxes or be considered as "earning" income from this job for 2010? Or is the income not considered earned until I actually receive a paycheck from the job?
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Dec 9, 2010, 11:05 AM

    W-2's are based on date the wages are paid. If paid in 2011, they will be on your 2011 W-2 regardless of when the work was done.
    getlo's Avatar
    getlo Posts: 8, Reputation: 1
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    #3

    Dec 9, 2010, 11:08 AM
    Comment on Just Looking's post
    Thank you!
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