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Reporting payment for compensated training services
November 2, 2022
Q. We have a situation where we are conducting some training sessions. An auto manufacturer will be paying dealer reps to attend training. However, the dealership will be billed for this training. Is this W-2 reporting on part of the dealership or 1099-NEC reporting from the manufacturer?
A.
(Answered by IOFM's third-party tax experts)
Your company reports the payment in box 3 of Form 1099-MISC (if the total of such payments to a rep is $600 or more in the calendar year). Your company needs…
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