1099 / 1042-S

Q. Our organization is a public university. Once our University files a 1099-C to the student and… Read More

Q. The 1099 amount we report is based on the payments that we have made, not the amount that the… Read More

Q. One of our law firms engaged work with an outside consulting firm. The invoice from the… Read More

Q. Is there a penalty for filing a 1099 for a corporation even if they are technically exempt from… Read More

Q. Is the purchase of livestock for our University's farm (such as the purchase of a horse or cow)… Read More

Q. We recently made a payment to an "S" corporation for seed funding. As per our documentation, it… Read More

As the information reporting landscape continues to grow more complex, staying ahead of change is no longer optional, it’s essential. In this timely IOFM webinar, you’ll get the latest

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The IRS has released drafts of the 2026 versions of Form 1099-NEC and 1099-MISC, showing significant updates to how nonemployee compensation, tips, and overtime are reported. While the forms maintain

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The IRS has released drafts of the 2026 versions of Form 1099-NEC and 1099-MISC, showing significant updates to how nonemployee compensation, tips, and overtime are reported. While the forms maintain… Read More

With year-end approaching, now is the time to review your e-filing strategy and state compliance obligations. Between the IRS FIRE system shutdown, updates to IRIS, and complex state 1099 rules,

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With year-end approaching, now is the time to review your e-filing strategy and state compliance obligations. Between the IRS FIRE system shutdown, updates to IRIS, and complex state 1099 rules,… Read More

A. We issue rental assistance payments to landlords through our Section 8 program (Housing Choice… Read More