1099 / 1042-S

Coworkers seated at a table with several papers that have charts on them. One colleague points with a pen at a page while the other coworker observes.

On-demand Webinar: Form 1099 and 1042-S Essential Checklist and Updates for Accurate Reporting

The annual Essential Checklist will help your organization to a successful Form 1099 filing season – smoother electronic filing – fewer corrections – and less exposure to errors

On-demand Webinar: Form 1099 and 1042-S Changes and Updates for 2024 Year-end Filing

This essential year-end update will help your organization handle changes in IRS instructions, forms, regulatory changes and the electronic filing mandate for 2024 year-end filing of Forms 1099-NEC

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.

1099-K for government municipalities

Q. 1099-K reporting instructions reflect 1099-K is required for governmental units accepting… Read More

Reporting prize items to winners

Q. Our company gave away three items at a show valued over $800 each. One of the recipients does… Read More

Reporting payments to vendor with dual citizenship

Q. We made a payment to a vendor who resides in Vancouver, BC. They currently have dual citizenship… Read More

When to flag a vendor as non-reportable

Q. Most of the time receipt of a W-9, section 3 is not checked. Should we automatically set up and… Read More

Reporting of expense reimbursement to a non-employee

Q. AP reimburses a non-employee for airfare, hotel. Is this reportable on 1099-NEC? A. (Answered by… Read More

1099 reporting of business interruption payments

Q. I work for an insurance company and understand that business interruption/income replacement… Read More

Glasses and a pen sitting on top of a paper with a chart of numbers and a bar graph on it

On-demand Webinar: 1099 101: Just the Basics

All businesses are required to report certain types of income paid to individuals using 1099 series forms. Reporting 1099s can be complex, especially when you must report more than one type of 1099