Accounts Payable

1099 / 1042-S

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IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

1099-NEC Reporting for a Disregarded Entity: Whose Name and EIN?

Q. We have a W-9 that lists Parent Corp on line 1, with its EIN in Part I, and on line 2 lists… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Reporting Online vs. Offline Software on a 1099

Q. I watched the IOFM webinar 2026 Back to Basics Form 1099 NEC and heard that online software is a… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Do You Send a 1099 to Vendors You Only Buy Materials From?

Q. Is it correct that the W-9 alone does not dictate whether you should send a vendor a 1099? If… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Using a Single TCC Code to File 1099s for Multiple EINs

Q. If I need to file 1099s for multiple entities/tax IDs under the same company, can I use the same… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

How Should State 1099s Be Reported When a Vendor Changes States Mid-Year?

Q. How should we report the state 1099 when a vendor’s address changes to a different state… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Fraudulent 1099-MISC Forms Filed in Your Company’s Name: What to Do

Q. We’ve recently received calls from individuals who received a 1099-MISC in our company’s… Read More

Settlement Paid in Exchange for Property: 1099-S or 1099-MISC?

Q. I work for a city and we recently paid $300,000 to settle a dispute over property. The… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

How to Make a Final Payment to a Deceased Consultant: W-9s, 1099s, and Estate Vendors

Q. We have a consultant that recently passed away. His final payment is due this week. His attorney… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Reporting Housing Aid for Student RAs: Section 119 and Form 1042-S

Q. Our university has U.S. citizen students that receive an assistantship for acting as student… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

1099 Reporting for Company Car Use by Independent Contractors

Q. If a non-employee uses a company vehicle, is this 1099 reportable as compensation? If so, what… Read More
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