- Joined
- Jan 26, 2013
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A client of mine sent me by mistake a double payment for an old invoice in July they thought was due. Their payment was dated December 2012. I found this out early this year and issued them a refund promptly for the same amount, but my check is dated January 2013.
Do I need to report their double payment as income for 2012 even though it's a mistake? Obviously it doesn't balance out for tax purposes since my refund was issued in 2013.
Thank you for any advice.
Do I need to report their double payment as income for 2012 even though it's a mistake? Obviously it doesn't balance out for tax purposes since my refund was issued in 2013.
Thank you for any advice.