- Membership
- Certification
- Resources
- Events
- Community
- About
- Help
Compliance
The IOFM keeps members up to date on best practices for identifying and mitigating regulatory risks related to: 1099/1042s, W-9/W-8, Unclaimed Property, OFAC, Sales & Use Tax, Value Added Tax. The Institute shares peer-tested policies and procedures and supports AP practitioners in their role as the last line of defense against fraud and abuse.
IOFM Members also have asscess to 12 Live Compliance Webinars annually, helping avoid costly delays and fines.
Featured Content
Are You Being Audited by the IRS?
As we approach 1099 season, it's crucial to have a risk mitigation and communication plan in place to deal with an eventual audit. Learn the five things AP departments need to have nailed down — and the six things the IRS will ask for — if it initiates an audit.
Featured Content
Featured Content
All Resources
Latest
Q. What is the 1099INT Interest Threshold? I believe the threshold should be $600, information from the IRS is indicating $10 or more.
A.
Answered by… Read More
.png.medium-800x500.800x500.png)
How Pre-Sale Works
The course you enroll in will be empty (for now), but you will receive the study materials as they are updated/added to the
… Read More
Q. We have payments that we make for tort lawsuits for personal injury cases. When we make the payments, the legal instructions require us to make a… Read More
What are you waiting for?
