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1099 reporting for expenses paid to an interview candidate
September 25, 2024
Q. We are reimbursing a candidate for their unsubstantiated travel expenses as a lump sum. If they are hired as an employee, are the unsubstantiated travel expenses still 1099 reportable?
A.
(Answered by IOFM's third-party tax experts)
A reimbursement payment of travel expenses to a job candidate where the expenses are not substantiated according to the rules of an accountable plan is treated as income to the job candidate and 1099 reporting rules apply for payments above the $600 threshold. …
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