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IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

AP Reporting Structures

Q. I would like to know under what area or division of the company most Accounts Payable… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Are Emergency Rent Assistance Payments Reportable to the Patient or the Landlord?

Q. We pay emergency rent payments on behalf of patients who need financial assistance. I believe… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Do You Need to Amend Prior-Year 1099s for Uncashed Checks?

Q. A 1099 vendor check was issued and reported on the 2020 1099 form. In 2026, the vendor stated… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Rebate Reporting Rules When You're Not the Direct Seller

Q. We pay rebates to many customers who purchase our products through 3rd party distributors. Since… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Vendor Payment Factoring: Who Gets the 1099 — the Vendor or the Factor?

Q. We have a vendor who is factoring payments to a third party. Do we have an obligation to 1099… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

IRIS Portal CSV Uploads: Multiple Payer TINs and Batch File Processing

Q. I have a question on the IRIS Portal CSV upload file. Does each file have to be separated by… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Who Should Own Payment Terms: Procurement or AP?

Q. We continue to have payment terms issues because the terms are set up in the PO. Unfortunately,… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Are Phone, TV, and Cable Charges Exempt from 1099 Reporting?

Q. Are phone, TV, and cable considered utilities and exempt from 1099 reporting? A.  (Answered by… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Filing Form 8809 Extensions Through IRIS for TY2026

Q. How are we supposed to submit the Form 8809 extension now that IRS is moving to IRIS for tax… Read More

W-9 Name/TIN Mismatch: Which Entity Belongs on Line 1?

Q. We have a vendor that completed their W9 as follows: Box 1: Someone & Someone Companies IncBox… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Form 1042 E-Filing via IFA: Where to Find File Format Specs

Q. We are a large taxpayer intending to file Form 1042 electronically ourselves instead of using a… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Is a Foreign VAT Number Acceptable on a W-8 in Place of a TIN?

Q. I'm onboarding a new vendor from Italy. They left the Foreign TIN left and the explanation was… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

1099 Reporting When a Vendor Switches from Sole Proprietor to S Corp

Q. Is a 1099 required for a business when they change their federal tax classification on their W-9… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

IRS Mid-Year Mileage Rate Increase for 2026

Q. Did the IRS do a mid year increase to the mileage rate for reimbursements? A. Answered by IOFM's… Read More

1099-INT Interest Reporting Threshold

Q. What is the 1099INT Interest Threshold? I believe the threshold should be $600, information from… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

1099 Reporting for Personal Injury Settlement Payments to Law Firms

Q. We have payments that we make for tort lawsuits for personal injury cases. When we make the… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

What Documentation Substantiates Business-Necessity Hotel Stays for Employees Near Their Work Location?

Q. We are a healthcare organization seeking best practices for documenting hotel stays that are… Read More

1099 Reporting Obligations When a Trustee Pays on Your Institution's Behalf

Q. We are a Higher Ed institution and have had a bond issuance. Over $300,000 was paid for services… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Vendor W-9 Doesn't Match TIN Records Due to Name Change: Should You Wait to Pay?

Q. We have to set up a new vendor in our system. They sent us a W-9, but when we did a TIN match,… Read More
IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

How Can Companies Reimburse Board Members and Clients Without Paper Forms?

Q. We have vendors/clients/board members/committee members who need to be reimbursed. Instead of… Read More
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