State Construction Company is owned equally by Andy, Bill, and Charlie. Andy works in the corporation full-time, and Bill and Charlie work elsewhere. When Andy left his previous job to work for State, he signed a contract specifying that he would receive a salary of $50,000 per year. This year, Andy felt that the company could expand if it purchased more equipment, and he offered to delay receiving $20,000 of his salary so the funds could be used to purchase the equipment. Bill and Charlie agreed, and the equipment was purchased. It is expected that State will have enough cash to pay Andy by early March of next year. What tax issues should Andy consider?