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mix asked in Business & FinanceTaxesUnited States · 1 year ago

1099 Misc Tax Question?

If a check was mailed to a recipient / independent contractor, but it didn't clear [never cashed] do I still Issue the amount on form 1099-MISC ?

4 Answers

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  • Max Hoopla
    Lv 7
    1 year ago

    If the payee had the right to cash it then it is income.

  • StephenWeinstein
    Lv 7
    1 year ago

    If it was a good check that the person hasn't tried to cash, yes.

    If the check bounced or would have bounced, no.

    The IRS considers delivery of a good check to be a payment, regardless of when the recipient gets around to cashing it.

  • Eva
    Lv 7
    1 year ago

    A little late to ask that now since the forms were supposed to be issued over a month ago, but yes you still issue it if the payment was over $600.

  • Slickterp
    Lv 7
    1 year ago

    If they did not get the money in 2019, then it isn't reported for 2019.

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