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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.

1099 Reporting for Conference Fees: Does Your University Have an Obligation

Q. Our university reimbursed an employee for a conference titled "Executive and Personal Life… 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.

Can Foreign Individuals Use a Foreign Tax ID to Claim Treaty Benefits?

Q. Can foreign individuals use their foreign tax IDto claim treaty or must they have an SSN/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.

Does a Disregarded Entity Need to Register Its Name in Texas?

Q. Does a disregarded entity still need to register this disregarded entity company name with 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.

Are Cloud Hosting Services Taxable in Texas

Q. Our company is mainly located in Texas and the company that is managing our cloud hosting is… 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.

Best Practice Workflows for Dispute Resolutions

Q. What are best practice workflows for dispute resolution? A. (Answered by an IOFM Advisory Panel… 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 Royalties Paid to a Corporation

Q. For 1099 purposes if a royalty holder is a corporation do we still send a 1099? Or are they… 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 Rent Paid to an S-Corp

Q. Do you issue a 1099 to an S-corp if it is for rent? A. (Answered by IOFM's third-party tax… 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: Payments to Partnerships, Acquired Companies, and Settlement Payments

Q. We acquired a company in 2024 and we sent money to lawyers, consultants and the company that we… 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.

Conference Room Rentals and Equipment Charges: Reporting Under MISC-01

Q. We rented a conference room which I believe would fall into the MISC-01 category. We were also… 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.

Legal Settlements for Former Employees: Payroll or Accounts Payable?

Q. If we need to issue a payment to a former employee for a legal settlement, should that payment… 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 Garnishments for Independent Contractors on 1099 NEC

Q. When we are presented with paperwork that we need to withhold a garnishment or child support… 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 Attorney Payments on Settlement Damages

Q. We have issued a payment to attorney only for settlement damages for a prior employee. Do we… 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 1099-INT Forms for Prior Years: What You Need to Know

Q. We have just recently found that we need to file 1099-INT forms for 2020, 2021, 2022, 2023, and… 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.

Including a Foreign Unverified TIN on a 1099 Form

Q. If a borrower's Tax ID Verification is set to Foreign Unverified, but they have a TIN number,… 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.

Can You Submit Two 1099-NEC Forms to the Same Recipient?

Q. Will the IRS allow you to submit two 1099NEC to the same Recipient for the same box, two… 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 Owns the Credit Application Process in Your Organization?

Q. I work in Accounts Payable and would like to know who would be the business owner of credit… 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 Issue 1099s for LLCs Marked as S-Corp or C-Corp on W-9s?

Q. I am confused on the LLC W9's that are marked S- corp, or C-corp If the payments were for… 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.

Issuing a 1099 for Sole Proprietors with EINs and Name/TIN Matching Issues

Q. I have several W9s which has a owner name on Line 1, a Business Name on Line 2, Individual/Sole… 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 Filing Obligations in Massachusetts: Nexus and Reporting Requirements

Q. We have a few companies we need to issue 1099-NEC or 1099-MISC forms to. If we don't have nexus… 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.

Settlement Payments and Reporting Responsibilities: Defendants and Co-Defendants

Q.  Defendant and co-defendant enter into a $10,000 settlement agreement with plaintiff. Defendant… Read More
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