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.

Featured Content

Are You Being Audited by the IRS?

Featured Content

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.

Free Download

All Resources


Q. I have a question regarding a US TIN for Chapter 3 exemption code 04.  I recently attended the webinar for IRS form 1042 Compliance and there was… Read More
Q. We issued a 1099 to a vendor for services performed in 2018. They just got back to us stating that they had actually become a C Corporation as… Read More
Q. I work for a local government. The government entered into a settlement agreement with a neighborhood, which has a foundation that is classified… Read More

Subscribe to our Newsletter

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500