Rolandos employer pays year-end bonuses each year on December 31. Rolando, a cash basis taxpayer, would prefer to not pay tax on his bonus this year. So, he leaves town on December 31, 2014 and doesnt pick up his check until January 2 nd , 2015. When should Rolando report his bonus?

Rolandos employer pays year-end bonuses each year on December 31. Rolando, a cash basis taxpayer, would prefer to not pay tax on his bonus this year. So, he leaves town on December 31, 2014 and doesnt pick up his check until January 2 nd , 2015. When should Rolando report his bonus?

Rolandos employer pays year-end bonuses each year on December 31. Rolando, a cash basis taxpayer, would prefer to not pay tax on his bonus this year. So, he leaves town on December 31, 2014 and doesnt pick up his check until January 2 nd , 2015. When should Rolando report his bonus?


A. 2015

B. 2014

C. Rolando can choose the year to report the income

D. It does not matter

E. None of these


Answer: B


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