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 implications for research stipends

April 16, 2024
April 16, 2024

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Q. At my organization, we are talking about making research stipend payments to participants in trials/studies, and we are considering what the 1099 implications might be. I would like to ask the panelists the following questions: If your company or organization does this (or something similar), do you set up the participants as vendors? Do you use a 3rd party vendor to do this? If yes, who? What about 1099 reporting? Are these payments 1099 reportable above the $600 threshold? If so, and if…

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