How to Handle 1099 Reporting for Cloud Transactions

Cloud-based services have become a routine part of how businesses operate, but for AP departments, they've also been a long-standing source of confusion when it comes to 1099 reporting. Here's what you need to know. Cloud Transactions Are Almost Always Services Treasury Department regulations have clarified that cloud transactions, including software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS), are almost always considered the provision of a service…