I did a consulting job for an organization. They had to write their check out by the end of December, 2008, so it was written on the 29th of that month. I didn't receive the check until after New Years (and due to the "too big to fail" Bank of America's stupidity it didn't get into myt account until mid-February of 2009).
The 1099 reports the income in 2008, yet I didn't receive the money until 2009. Why do I have to include it in 2008 income if it wasn't received that year?
The 1099 reports the income in 2008, yet I didn't receive the money until 2009. Why do I have to include it in 2008 income if it wasn't received that year?
