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1099 reportability of payments to ISPs

August 29, 2024
September 24, 2024

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Q. Are monthly payments to internet service providers (ISPs) 1099 reportable if they are not classified as a C- or S-corp, or are these types of payments considered exempt under Section 1.6041-3(c), similar to the telephone service exemption? If ISPs are reportable, would this be reported in Box 1 of the 1099-NEC?  A. (Answered by IOFM's third-party tax experts) Payments your organization makes to an internet service provider for internet services are included in the “payments of bills for…

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