1099 / 1042-S

Q. Is fresh water purchased from land owners considered 'goods' and exempt from 1099… Read More

Q. Now that the new form 1099-NEC is being implemented, we received information that the IRS will… Read More

Q. Does the IOFM website have a resource that would provide a state matrix or listing of the… Read More

Q. I have just heard this: "An IRS publication released on the 14th, revealed that the 1099-NEC… Read More

Q. A vendor of ours provided us a W-9 with the following information (hypothetical names): Box 1… Read More

In mid-September the IRS issued its 2020 version of Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 5498, and W-2G. The big news is that the 1099-NEC form is… Read More

Q. I need to get several executive retirees who have taken part in a pilot program for a new… Read More

Q. We received a Form W-8IMY from a new payee that appears to be completed correctly, but we could… Read More

Q. We have a scholar who is coming from Zimbabwe to US for a one-year fellowship program later… Read More

Q. Our company just paid to buy out a portion of the lease on a plane hangar from an individual… Read More