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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.

Updating Your AP Policy for Nacha Rules

Q. We are updating our Accounts Payable Policy to include the new NACHA rules. I have listed part… 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.

W-9 Form Update: Is the 2026 Draft Version Accepted by the IRS?

Q. Some of our vendors are submitting W-9s on a 2026 form. I only see the form as a draft on 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 Cost-Sharing Conservation Payments to Farmers Subject to 1099 Reporting?

Q. We offer cost sharing where money is provided to farmers to complete conservation best… 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 Payments to Clinical Trial Participants

Q. We are making payments to individuals that are participating in clinical trials. Would this be… 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 Student Crisis and Emergency Payments Reportable on a 1099?

Q. Should "Student Crisis/Emergency" payments to students to help them cover unexpected expenses be… 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.

Managing Global Vendor Codes and Bank Account Automation in SAP ECC for Multinational Organizations

Q.  We are a large manufacturing company with entities in Americas, EMEA and APAC. Our ERP is SAP… 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 for 1099 Submissions: Filing Options, Formats, and Resources

Q. Has it been confirmed that only IRIS will have to be used for the 2026 tax season for submitting… 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.

Novation Mid-Year: Should You Correct the Old TIN's 1099 or Report Each Separately?

Q. A payee underwent a novation, resulting in both a name and a Taxpayer Identification 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.

IRS 1099 Reporting Threshold Increase to $2,000

Q. Will the IRS 1099 reporting threshold change from $600 to $2,000, and how does this affect… 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 Rules for LLCs Based on Tax Classification

Q. I need clarification on what reporting status of the LLC exempts them from getting a 1099 when… 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 Escrow Payments Managed by a Title Company

Q. I have a question regarding funds that are held in escrow by a title company on behalf of… 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.

Handling W-9 and W-8ECI Forms for U.S. and Canadian Vendor Payments

Q. We have a legal company we have onboarded that provided a US W-9 (business in NY) originally,… 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.

Classification of eBook Subscription Payments to Foreign Payees

Q. Considering the recent changes in Treasury regulations regarding cloud transactions and digital… 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.

Same Tax ID, Different Vendors: How to Handle Parent Companies and DBAs in Your System

Q. Our procurement team has requested a new vendor in our SAP system. However, we have a vendor… 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.

W-9 Box 4 for County Governments

Q. We are a County government and are tax-exempt. We do not have any Foreign Accounts. Do we need… 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.

W-9: Providing Regarded and Disregarded Entity FEINs

Q. A new supplier is asking my team for a W-9 with both the FEIN of the regarded entity and the… Read More

IRS Letter Ruling: Even Nonprofits Must Issue 1099s for Payments Over $600

2026 Form 1099 Updates: Reporting Overtime and Tips for Contractors

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.

30% Withholding on Foreign Vendor Payments: When Is It Required for Parts Purchases?

Q. If we use a foreign vendor for purchasing parts, and they do not have a tax treaty listed on… 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-S Requirements for Foreign Vendors Paid by Credit Card Without W-8

Q. We paid a foreign vendor by credit card, but they won't provide a W-8 form. I'm preparing to… Read More
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