Brandon is the operator and owner of a cleaning service who uses the cash method of accounting. He receives the following payments on December 31, 2014, the last business day of his tax year: $3,000 - Checks received from customers for services rendered during November and December 2014. The checks are deposited in his bank account on January 4, 2015. Checks received from customers for services to be rendered during 2015. The checks $4,000 - $2,400 - are received in the morning mail and deposited in his bank account on December 31, 2014. A check received from a customer for a service contract. The services under the contract are to be rendered over 24 months, beginning in January 2015. The customer met Brandon at a New Year's Eve party and gives Brandon the check at 11:30 p.m. The check is deposited in his bank account on January 4, 2015 How much of the $9,400 collected by Brandon on December 31 must be included in his 2014 gross income?

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The Answer of Brandon is the operator and owner of a cleaning service who uses the cash method of accounting. He receives the following payments on December 31, 2014, the last business day of his tax year: $3,000 - Checks received from customers for services rendered during November and December 2014. The checks are deposited in his bank account on January 4, 2015. Checks received from customers for services to be rendered during 2015. The checks $4,000 - $2,400 - are received in the morning mail and deposited in his bank account on December 31, 2014. A check received from a customer for a service contract. The services under the contract are to be rendered over 24 months, beginning in January 2015. The customer met Brandon at a New Year's Eve party and gives Brandon the check at 11:30 p.m. The check is deposited in his bank account on January 4, 2015 How much of the $9,400 collected by Brandon on December 31 must be included in his 2014 gross income?

Brandon Is the Operator and Owner of a Cleaning Service