Accounts Payable

1099 / 1042-S

Share

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 Report Mixed Rental and Service Charges on a 1099

Q. A vendor classified as a sole proprietor provided a rented floor along with delivery,… 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 Textbook and Workbook Purchases from an Author

Q. First, we have purchased textbooks and workbooks from an author whose tax classification is… 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 Insurance Premiums Paid to Partnerships

Q. BRP Middle Market Insurance Holdings LLC (The Baldwin Group) - Tax classification LLC-P. We… 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 Furniture and Equipment Purchases from Partnerships

Q. Brodart Co - Tax classification is Partnership. We purchased furniture and equipment from… 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 Requirements for Product and Ingredient Suppliers

Q. We are a CPG company. Are suppliers that we purchase goods, products or ingredients used for… 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-NEC Rules for Corporate Legal Support Services

Q. We have vendors that are C-Corp and S-Corp LLCs that provide process serving for legal… 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.

Are C Corporations Exempt from 1099-NEC for Accounting Services?

Q. Do we need to issue 1099-NEC to an accounting firm for services we received (such as tax return… 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 Ingredient Suppliers Require 1099 Reporting?

Q. We are a CPG company. I've ready conflicting documents regarding ingredient suppliers and… 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.

Government Entity Reporting: 1099s, W-2s, and Reimbursements for Officials

Q. 1. We are a government entity, occasionally an elected official will reimburse a non-employee… 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.

Who Reports Gift Cards: Employer W-2 or Client 1099?

Q. We are trying to determine the responsible party for reporting of gift cards given to our… Read More
Find more...

Need Answers?

Ask An Expert ›

Ask Your Peers ›

Glossary ›

Join our mailing list

What are you waiting for?

1

Become a Member

2

Get Certified

3

Attend an Event

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | Two Portland Square, Portland, ME 04101 | +1 207-842-5500

Accounts Payable & Procure-to-Pay ›

Accounts Receivable & Order-to-Cash ›

© 2026 Diversified Communications. All rights reserved.
Diversified Communications