1099 / 1042-S

Q. I have two questions regarding 1099-C, Forgiveness of Debt; 1. From an IRS point of view, is a… Read More

Q. Should we use the 'Rev. January 2024' or the 'January 2022' version of the 1099-MISC to file our… Read More

Q. If an organization is wanting to provide food vouchers would this be 1099 reportable? A group is… Read More

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