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1099-K reporting responsibility

May 17, 2023
May 17, 2023


Q. My company is a property management firm that manages homeowner associations (HOA). For a service, we file the HOAs' 1099s of its vendors (landscapers, pool cleaners, maintenance contractors, etc.) on behalf of the homeowner associations. for the calendar year. The HOAs sign an agreement with us to manage their HOA. 1099 preparation is included in the agreement. We use a third-party company to manage their Accounts Payable module to facilitate the transactional functions, such as payments to…

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