1099 / 1042-S


Q. I work for a bank with quite a few branches that we rent. I am trying to get some clarification… Read More
Q. 1. As an employee benefit, we use a vendor to provide legal advice/assistance. The vendor lists… Read More

Are all of your organization’s payments to nonresident alien individuals, for services to your organization, being captured for correct income tax withholding and reporting to the IRS? 

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Updates and changes impact your required Form 1042-S reporting to the IRS – due March 15 – of payments made in 2023 to foreign vendors, foreign contractors and consultants, foreign

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The current issues of highest impact on tax information reporting compliance will be covered in this new presentation, including:

  • Nearly all 1099 and 1042-S filers are now required to file
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Q. I took the IOFM class “Form 1042-S box by box” last week. The instructor stated that if you… Read More
Q. Are reimbursements that are included on an invoice, 1099 reportable? This is for Vendors and not… Read More
Q. Our university has a vast credit card program wherein hundreds of faculty make purchases with… Read More
Q. Looking for confirmation on how a legal settlement should be reported for a former employee.… Read More
Q. We are a US company but we do have locations in Canada under a Canadian company. Since we have… Read More

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