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1099 Reporting Obligations When a Trustee Pays on Your Institution's Behalf
July 30, 2026
Q. We are a Higher Ed institution and have had a bond issuance. Over $300,000 was paid for services related to the transaction, which the trustee paid on our behalf. The invoices were made out to the school. Are we required to issue a 1099?
A.
(Answered by IOFM's third-party tax expert)
Regulation 1.6041-1(e) tells us:
(e)Payment made on behalf of another person
(1)In general
A person that makes a payment in the course of its trade or business on behalf of another person is the payor that must…
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