Informing contractors that 1099s include travel expenses

November 10, 2020

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Q.¬†Should you inform the c onsultant/contractor they are responsible for deducting travel expenses or related expenses from their year 1099 at the end of the year or should we assume they are aware of it? Should we include verbiage in their contract? A. (Answered by the IOFM Advisory Panel) ----- If the vendor separates travel expenses on the invoice, we exclude the amount from the 1099 total. In addition, if they separate the travel expenses and do not provide receipts, we request them. If…

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