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Path: utzoo!linus!security!genrad!decvax!harpo!eagle!mhuxl!ihnp4!ihuxm!cwa
From: cwa@ihuxm.UUCP
Newsgroups: net.taxes
Subject: Re: Re: deferred income?
Message-ID: <747@ihuxm.UUCP>
Date: Wed, 7-Dec-83 12:57:16 EST
Article-I.D.: ihuxm.747
Posted: Wed Dec  7 12:57:16 1983
Date-Received: Fri, 9-Dec-83 07:19:39 EST
Organization: AT&T Bell Labs, Naperville, Il
Lines: 13


I agree that once you have the check you have the income.
However, if you have the payment deferred over time then
it should not count as income until you receive the money
- or checks because they are really one in the same.  What 
could they possibly base your income on besides the time
at which you receive the money?  Is income based on the
time the work was completed?  I think not.  The huge sal-
aries that sports stars receive are sometimes paid over
time to provide a tax break as well as a secure future
income.

Carl W. Amport		Naperville, IL.		ihuxm!cwa