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.

Form 1042 E-Filing via IFA: Where to Find File Format Specs

Q. We are a large taxpayer intending to file Form 1042 electronically ourselves instead of using 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.

1099 Reporting When a Vendor Switches from Sole Proprietor to S Corp

Q. Is a 1099 required for a business when they change their federal tax classification on their W-9… 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.

IRS Mid-Year Mileage Rate Increase for 2026

Q. Did the IRS do a mid year increase to the mileage rate for reimbursements? A. Answered by IOFM's… Read More

1099-INT Interest Reporting Threshold

Q. What is the 1099INT Interest Threshold? I believe the threshold should be $600, information from… Read More

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2026 PRE-SALE: Payment Reporting Specialist Certification (CPRS) + FREE LIVE Online Class

How Pre-Sale Works

The course you enroll in will be empty (for now), but you will receive the study materials as they are updated/added to the course.

E-book by September 25, 2026
Exam by September

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 Personal Injury Settlement Payments to Law Firms

Q. We have payments that we make for tort lawsuits for personal injury cases. When we make 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.

1099-K "Accepted with Errors": What IRIS TIN Mismatches Mean for Your Filing Deadline

Q. Now that IRIS performs real-time TIN and Name matching upon submission, what is the latest IRS… Read More

1099 Reporting Obligations When a Trustee Pays on Your Institution's Behalf

Q. We are a Higher Ed institution and have had a bond issuance. Over $300,000 was paid for services… 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.

New Cash Tip Reporting on Form 1099-K: TPSOs Only

Q. I am seeking clarification regarding the new cash tip field on Form 1099-K (December 2026), Box… Read More

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On-demand Webinar: Tips and Overtime: A Deeper Dive

The IRS has given us revised versions of 1099-NEC and 1099-MISC for 2026. The revisions contain new boxes for reporting of tips and overtime. These items relate to the One Big Beautiful Bill (OBBBA),

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