Bonnee77
Mar 31, 2011, 10:19 AM
It is my understanding that the amount on a 1099 corresponds to the money received (by the recipient) in that calendar year. In the case of a missionary, I would understand this to mean "the last/final check your church gives YOU for at the end of the year." This is always the way it has been handled (with my donations) in the past and should there be a discrepancy between the monthly checks (received by the missionary) and what the church is reported.
Simplified: If the church decides to hold donations sent at the end of December and give you the money in mid- January is that still considered income YOU received in the prior year?
Simplified: If the church decides to hold donations sent at the end of December and give you the money in mid- January is that still considered income YOU received in the prior year?