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 Re: 1099-misc...depends....
Posted by  cmd_NH on 2/6/06 10:21am

If you use the Accrual method for taxes....then you would count it as 2005 income as the job was done and billed in 2005.

If you use the Cash method for taxes....then you count it as 2006 income as you received it in 2006.

The Check was dated 12-31-05 so they can deduct the payment from their books in 2005.
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