1099 / 1042-S

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 Rules for Hotel and Event Venue Payments

Q. We made a payment to a hotel as the venue for an event, and the W-9 lists the payee as a… Read More

1099 Reporting and Accountable Plan Rules for Consultant Travel Reimbursements

Q. Is our institution required to 1099 a consultant for travel expense reimbursements if they are… Read More

1099 Reporting Requirements for Payments to Speakers and Agents

Q. Our institution paid a speaker's agent for a speaking engagement that was more than $600. The… Read More

1099 Reporting Rules for Payments to Tax-Exempt Organizations

Q. Do you need to send a 1099 to a 501C 6, 501C3 or 501C4 if you pay them over $600 in a year? I… Read More

Reporting 1099 Vendors with ITINs, EINs, and Sole Proprietor Classifications

Q. My company received W9 with individual name W9 line 1 (entity/individual name) and business name… Read More

Updated 1099 Reporting Thresholds and Effective Dates

Q. I was informed that the threshold for 1099 reporting will be changed to $2,000. I would like to… Read More

Glasses and a pen sitting on top of a paper with a chart of numbers and a bar graph on it

On-demand Webinar: LLCs and 1099s: What You Need to Know

Limited Liability Companies (LLCs) create confusion when it comes to 1099 reporting. Are they treated like corporations, partnerships, or sole proprietors? The answer is: it depends. In this

On-demand Webinar: Form 1099 and 1042-S Changes and Updates for 2025 Year-End Filing

Year-end information reporting is always complex, and 2025 brings important changes that AP teams and tax professionals need to know. Between shifting IRS priorities, evolving 1099 requirements, and