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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.

Do political campaigns need to have a TIN?

Q. Do political campaigns (Ex: for Congress or for County Commissioner) need to have 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.

IRS Mailing Requirements for B-Notice and TIN Solicitation Letters

Q.  We understand the IRS instructions for B-Notice mailings say: Your outside mailing envelope… 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.

Connecting with Universities Using Workday for Federal Aid Accounting

Q. I am looking for a higher education university/college that is using workday as their ERP system… 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.

Instant TIN Matching Solutions and IRS ID.me for 1099 Reporting

Q.  We’re currently using SOVOS for our 1099 reporting, but I’ve noticed that the TIN matching… 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.

Understanding TINs with a Letter and Reporting Requirements

Q. I have received a W-9 with a TIN ending in the letter K. I have never received this type of TIN… 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.

Including a Foreign Unverified TIN on a 1099 Form

Q. If a borrower's Tax ID Verification is set to Foreign Unverified, but they have a TIN number,… 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.

Foreign Vendor Identification: Handling Missing TINs and SSNs for Reporting

Q. I have two foreign vendors that are missing a TIN or SSN. One is also missing  DOB. What… 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.

Vendor refunds

Q. What do you do when there is a vendor refund from previous fiscal year and it can't be… 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.

Managing a spreadsheet for special handling

Q. We are heavily automated, working with SAP/VIM/IES, but we do have some vendors that require… 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.

Voided check retention

Q. In my 35-plus years in AP the companies I have worked for have maintained a seven (7) year… Read More
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