Re: [Signing] Kevn Shattenkirk to Tampa Bay Lightning
Originally Posted by
stevegamer
He certainly could - if he is not using the accrual method of accounting and counting income when it becomes a receivable. Most sizeable businesses use the accrual method. Most individuals use the cash method. Some jurisdictions require that individuals use the cash method. For individuals, suing the cash method means that it normally depends on when the income is received. I will concede that I have never done taxes for any pro athletes, nor have I ever done any individual returns which used the accrual method.
Being owed money is not the same as being paid money. It depends on where he lives when he gets paid.
Ohh another accountant on the forum
I thought I was the only one
10 Keepers Salary Cap League (96,025,000M Cap - Players CAP-HIT)
8 Teams / 12 FW, 6 D, 1G, 4 Scratches
+6 ELC contracts (farm)
F: 1xG + 1xA
D: 2xG + 1xA
G: 2xW + 1xOTL + 1xSO
F: Hintz, J. Hughes, Schmaltz, Zacha, Hyman, Novak, Hartman, Stamkos, Knies, Marchessault, Konecny, Monahan,
D: Heiskanen, Andersson, Sergachev, Mintyukov, Addison, Guhle
G: Shesterkin
Scratch : Dach, Wheeler, Eklund, Lundkvist
FARM : Edvinsson, Stankoven, Kulich, Musty, Leonard, Hutson