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1099 reporting for business expense paid with a personal credit card
October 16, 2023
Q. We had an employee pay for a service type payment with their personal credit card instead of using our organization's P-card. The employee then turned in the invoice they paid and was reimbursed by our organization. Do we still need to report the service payment made to the vendor on the employee's personal credit card since it was not a P-card payment? Is using personal credit cards exempt from reporting on 1099's like a P-card would be?
A.
(Answered by IOFM's third-party tax experts)
If…
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