Timing of Income Received I am a consultant and just received a 1099-MISC from my client. It is approximately $50,000 more than I was expecting, due to the fact that they sent three payments just before the end of the year (Checks were dated 12/30/09) that I received in January of 2010.
My question is, when is this payment considered received, when they printed the check or when I received it in the mail? |