PDA

View Full Version : 1099 does not match records


swaringen2
Feb 19, 2009, 07:05 PM
We are a small contracting company , we did some work for ageneral contractor in dec 07, they cut the check in dec but did not give it to us till the end of jan 08, they put the amount on our 07 1099 is that legal

AtlantaTaxExpert
Apr 16, 2009, 08:10 AM
Not if you are a "cash basis" taxpayer. You count the income when you RECEIVE the money, not when you earn it.