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1099 Reporting for Student Reimbursements: What You Need to Know
February 14, 2025
Q. Are reimbursements issued to university students considered 1099-reportable expenses? Should we evaluate student reimbursements similar to reimbursements issued to independent contractors and utilize the IRS accountable plan rules? Are there any other factors to consider when processing reimbursements to students for travel costs?
A.
(Answered by IOFM's third-party tax advisor)
If you are meeting the accountable plan rules with the reimbursements, then they likely would not be reportable.Do…
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