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View Full Version : Should a 1099 be issued based on a cash or accrual basis?

DanBeach19
Jan 2, 2013, 02:01 PM
Should a 1099 be issued based on a cash or accrual basis? Can't find any data in IRS documents.
AtlantaTaxExpert
Jan 2, 2013, 03:12 PM
MOST of the time it is CASH basis, since most businesses operate on a CASH basis.

The accounting basis of the business dictates how the 1099 is issued.