Accounts Payable

Sales & Use Tax

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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.

Tax Reporting for Class Action Settlement Payments Made to an Administrator

Q. We have a class action settlement payment to be made payable to a neutral third-party… 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.

Tax Treaty Limits: Withholding Rules When Payee Exceeds Thresholds

Q. When a payee has reached their pay limits in a treaty, is the 30% tax retroactive to the whole… 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.

Handling Tax Reporting for a Foreign Disregarded Entity with a U.S. Beneficial Owner

Q. We received a W-8BEN-E from a Canadian supplier whose beneficial owner is a US entity and 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.

1042-S Requirements for Foreign Tax-Exempt Vendors: What You Need to Know

Q. A foreign vendor indicates they are a tax-exempt organization. Is this foreign vendor subject to… 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.

Addressing Missing Sales Tax on California Invoices

Q. If I placed an order in California, and the goods are delivered in California. When I received… 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.

Lump Sum Payment to Offset Insurance Rate Loss: Is It Taxable?

Q. We are a financial institution holding a mortgage note. Our servicing area failed to timely… 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 Assessment Results Considered a Gift or a Taxable Incentive for Employees?

Q. We have a department who is conducting an assessment and would like to provide the results of… 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.

Tax Reporting for Loan Fees on Artwork from Foreign Vendor

Q.  We have an agreement with a vendor from Denmark to loan us their artwork (sculpture) for… Read More

Foreign Vendor Transactions: Are Tax Treaties with Canada Still in Effect?

Q. I have my first foreign vendor transaction to process since Trump took office. Do I still follow… 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.

Can Foreign Individuals Use a Foreign Tax ID to Claim Treaty Benefits?

Q. Can foreign individuals use their foreign tax IDto claim treaty or must they have an SSN/TIN?… Read More
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