Grants and COVID 1099-G reporting

January 19, 2021

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Q. For 1099-MISC and 1099-NEC filings we report on service expenses that are incurred during the year. For grants and COVID 1099-G reporting, do we also only report on service expenses or do we report on all expenses (goods and services)? 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.) If a unit of government receives…

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