1099 / 1042-S

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.

Payment to an expert in a court hearing

Q. If someone is a expert for a court hearing and their W-9 states they are an individual?1 - Would… Read More

Does postage paid to a mailing company apply to the reporting threshold?

Q. My company uses an LLC to print and mail its newsletter. Does the amount paid to the print… Read More

Record retention requirements for 1099 forms

Q. How long are you as a issuer of a 1099 form required to retain the records of those forms that… Read More

Are outdated 1099 blank forms still useable?

Q. We ordered a significant amount of 1099-NEC and 1099-MISC forms last years under the impression… Read More

Are casino prize giveaways 1099-reportable?

Q. I am an AP manager for a hotel/casino. We hold sweepstakes where a customer can win gift cards… Read More

1099 reportability of lodging at a hotel

Q. Would a hotel payment we made for lodging (the hotel is a partnership) be reported on a… Read More

Building a Case to Bring Automation to Your Finance Department

As finance departments face pressure to streamline processes, cut costs, and boost productivity, many leaders are prioritizing digital transformation.

According to AvidXchange’s 2025

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Steps to Take Now for Form 1099 and 1042-S Tax Compliance

Current issues of highest impact on your tax information reporting compliance will be covered in this new and timely presentation, including:

Mandatory electronic filing to the IRS: Learn what each

Best Practices for IRS W-9 and 1099 Compliance

Have you ever wondered if your experience with 1099s is unique? Are your challenges with IRS filings universal? Have others figured out how to collect W-9s more efficiently? Now is your chance to