Master Guides to 1099 and 1042-S Compliance | Member E-Books

When it comes to 1099 and 1042-S compliance, we wrote the book.

Each year, the IRS implements scores — even hundreds — of changes to the tax code, and failure to comply has expensive consequences. The Master Guides to Form 1099 and Form 1042-S Compliance are exclusive e-books that IOFM Members reference to maintain compliance in an ever-changing regulatory environment. Need to get up to speed on 1099-NEC? We have that covered!

Master Guides are available for free for our Business and Enterprise Members and for $100 each annually for our Professional Members. Learn more about the benefits of IOFM Membership.

The 2021 digital editions are available now:

2021 Master Guide to Form 1099 Compliance

$100 for Professional Members, free to Business & Enterprise Members
Last revised: November 30, 2021
The 2021 Master Guide to Form 1099 Compliance provides detailed instruction surrounding the reporting rules, regulation updates and changes, and provides indexed information for the very wide range of 1099 reporting scenarios that you could encounter in AP.
Sections clarify the use of Form W-9; the second year of new reporting on Form 1099-NEC; payments reportable on Form 1099-MISC; payee types that are exempt from being reported; backup income tax withholding requirements; handling IRS “B” notices and proposed penalty notices; 1099 reporting requirements for settlements and attorney payments; filing to the IRS; furnishing recipient copies as required to vendors and others; and more.

2021 Master Guide to Form 1042-S Compliance

$100 for Professional Members, free to Business & Enterprise Members
Last revised: September 14, 2021
The 2021 Master Guide to Form 1042-S Compliance provides detailed instruction on new Regulations, Forms and Instructions issued in 2021; updates affecting this year’s reporting; an in-depth look at current rules (NFFEs, FATCA, ECI, and more); the W-8 form series and Form 8233 which you’ll request from vendors for certification of foreign status; when default 30% federal tax withholding applies; how income tax treaty benefits can be claimed to reduce tax withholding; and when and how to file Forms 1042-S and 1042. The book includes a full glossary, a compliance and year-end checklist, as well an appendix of forms, instructions and IRS guidance documents.

About the Authors

The Master Guides are produced in partnership with COKALA Tax Information Reporting Solutions, LLC. COKALA’s team is part of the team that helps answer our Members' toughest IRS questions through our Ask the Expert feature.

More Tax Compliance Resources

The Master Guides are just one of the many 1099 resources IOFM offers to assist with your company with maintaining compliance. 


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