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.

Is Sales Tax Owed on Gas Cylinder Rentals in Texas?

Q. I work for a construction company in Houston, Texas, and we rent gas tanks from a Texas company.… 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 of Contest Prizes Awarded to Foreign Individuals

Q. Our organization is giving a $350.00 gift card to a foreign individual as a prize for a contest.… 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 of Company-Paid Legal Fees for Former Officers

Q. Our company is paying the legal fees of former officers who are involved in ongoing litigation… 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 Treatment of Foreign-Owned Disregarded Entities for U.S. Conference Sponsorship Payments

Q. My company needs to make payment to a disregarded, US entity owned by a foreign person. 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.

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
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