- Membership
- Certification
- Events
- Community
- About
- Help
Compliance
The IOFM keeps members up to date on best practices for identifying and mitigating regulatory risks related to: 1099/1042s, W-9/W-8, Unclaimed Property, OFAC, Sales & Use Tax, Value Added Tax. The Institute shares peer-tested policies and procedures and supports AP practitioners in their role as the last line of defense against fraud and abuse.
IOFM Members also have asscess to 12 Live Compliance Webinars annually, helping avoid costly delays and fines.
Featured Content
Are You Being Audited by the IRS?
As we approach 1099 season, it's crucial to have a risk mitigation and communication plan in place to deal with an eventual audit. Learn the five things AP departments need to have nailed down — and the six things the IRS will ask for — if it initiates an audit.
Featured Content
Featured Content
All Resources
Latest
Q. Are settlements paid to LLC-C, LLC-S, C-Corp, S-Corp exempt from 1099 reporting?
A.
(Answered by IOFM's third-party tax experts)
The categories of… Read More
Q. Which state is a 1099 reportable royalty payment reported to when the vendor is in a different state from our organization that made the… Read More
Q.
It's my understanding that freight charges associated with the purchase of products are not 1099 reportable. Is that correct?
We made a purchase… Read More
What are you waiting for?
