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 deferred compensation on a 1099

September 5, 2023
September 5, 2023


Q. We have a handful of non qualified Deferred Compensation payments going to suppliers and I need confirmation of how to accurately report these on a 1099. The payments that are issued fall under three buckets; Retirement Benefits paid to someone from an expansion firm, a partner with expansion firm that joins our company as an employee, and someone that is not a partner that comes over as an employee. Last year I reported them on the 1099-MISC Box 15 but received a lot of push back as to why…

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