Reporting payments made from trust funds

January 7, 2020

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Q.¬†Our AP department makes payments for other independent agencies from trust funds held in our treasury. These payments are processed with all other county payments. Is it okay to report these payments under our tax ID? A. (Answered by COKALA Tax Information Reporting Solutions, LLC, a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting. You can…

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