[gr8fl4porsche]

Originally posted by widebody911
I'm paying taxing on money that's never even crossed my fingers!

Thom,
I run a contracting company and we use an accounting method in which our revenues are based on work in progress billings. We are taxed on billings not cash. I have to pay taxes on a bill I send to a customer regardless of whether or not they pay the invoice. I can eventually write off a bad debt a couple of years later when I give up trying to collect and recoupe my tax payment.

So I know how you feel.