Expert Questions

Share

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.

Disregarded Entity on a W-9: Which Name and TIN Do You Use?

Q. We have a customer who has provided their W-9. The W-9 has one business name on line 1 and 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.

Negative Unclaimed Property Reports: When to File

Q. Should you file a negative report to the states that require them if you have never needed to… 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-NEC Reporting for a Disregarded Entity: Whose Name and EIN?

Q. We have a W-9 that lists Parent Corp on line 1, with its EIN in Part I, and on line 2 lists… 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.

Reporting Online vs. Offline Software on a 1099

Q. I watched the IOFM webinar 2026 Back to Basics Form 1099 NEC and heard that online software is 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.

Do You Send a 1099 to Vendors You Only Buy Materials From?

Q. Is it correct that the W-9 alone does not dictate whether you should send a vendor a 1099? If… 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.

Using a Single TCC Code to File 1099s for Multiple EINs

Q. If I need to file 1099s for multiple entities/tax IDs under the same company, can I use the same… 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 Should State 1099s Be Reported When a Vendor Changes States Mid-Year?

Q. How should we report the state 1099 when a vendor’s address changes to a different state… 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.

Fraudulent 1099-MISC Forms Filed in Your Company’s Name: What to Do

Q. We’ve recently received calls from individuals who received a 1099-MISC in our company’s… Read More

Settlement Paid in Exchange for Property: 1099-S or 1099-MISC?

Q. I work for a city and we recently paid $300,000 to settle a dispute over property. 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.

How to Make a Final Payment to a Deceased Consultant: W-9s, 1099s, and Estate Vendors

Q. We have a consultant that recently passed away. His final payment is due this week. His attorney… 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 Do Large Companies Handle Non-PO Invoices?

Q. What are the industry standards and leading practices for handling non-PO invoices? Do companies… 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.

Validating a DBA Against the Legal Entity Name and TIN

Q. Is there any way to verify that a DBA name is associated with the legal entity name and TIN,… 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.

Reporting Housing Aid for Student RAs: Section 119 and Form 1042-S

Q. Our university has U.S. citizen students that receive an assistantship for acting as student… 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 Company Car Use by Independent Contractors

Q. If a non-employee uses a company vehicle, is this 1099 reportable as compensation? If so, what… 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.

Validating Supplier ACH Bank Accounts and Tax IDs: Best Practices

Q. I would like to know if it is best business practice, when validating a supplier's ACH banking… 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.

Foreign SaaS Payments: Service, Lease, or Royalty for 1042-S?

Q. For payments to a foreign software vendor, what are the key facts we should obtain to determine… 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 Rules on the 75% First/Last Day M&IE Reduction Under Accountable Plans

Q. Our university's travel reimbursement policy works on an accountable plan basis. We require… 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 an Owner Name + EIN Match Sufficient for a Disregarded LLC's W-9?

Q. For a disregarded single-member LLC, we sometimes receive a W-9 using the owner’s name but an… 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-MISC Box 3 Threshold and Political Donation Reporting

Q. Does the $2,000 threshold apply to political donations on the 1099-MISC Box 3? 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.

Do You Adjust 1099 Amounts for Same-Year Refunds?

Q. What if a payee returned part of a payment within the same tax year it was issued? Would the… Read More
Find more...

Need Answers?

Ask An Expert ›

Ask Your Peers ›

Glossary ›

Join our mailing list

What are you waiting for?

1

Become a Member

2

Get Certified

3

Attend an Event

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | Two Portland Square, Portland, ME 04101 | +1 207-842-5500

Accounts Payable & Procure-to-Pay ›

Accounts Receivable & Order-to-Cash ›

© 2026 Diversified Communications. All rights reserved.
Diversified Communications