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    DanBeach19's Avatar
    DanBeach19 Posts: 1, Reputation: 1
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    #1

    Jan 2, 2013, 02:01 PM
    Should a 1099 be issued based on a cash or accrual basis?
    Should a 1099 be issued based on a cash or accrual basis? Can't find any data in IRS documents.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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.
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