Estimated taxes - quarters

Hi, I am in a program similar to Avon... collect commision checks once in a while.

For purposes of calculating my estimated taxes for a specific quarter, do I use the date the checks were issued, or the date on which I cashed them?

Reply to
martin lynch
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Assuming the business is on a cash basis including cost of goods sold, you recognize income on the date you constructively receive it. If today a check arrives in your mailbox, but you put it on the table and don't open the envelope until next tax quarter, you have constructively received it today.

Reply to
Arthur Kamlet

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