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Payments to daycares
January 17, 2022
Q. We pay to hold slots at different daycares in case we have an emergency child come that our child care cannot handle because they run at full capacity. Would we send a 1099 to the daycares we are paying to hold those places? Would it be considered a service?
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.)
Yes, the payment…
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