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1099 reporting for software subscriptions
March 24, 2023
Q. How do we determine if software subscriptions are 1099 reportable?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
For 1099 reporting of U.S. entities or individuals, if a software subscription is for your organization to use the software for a fixed period of time (often it's 1 year), after which you'd need to pay to…
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