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1099 reporting of payments to a U.S. citizen living abroad
March 27, 2023
Q. We have a board member who is a U.S. citizen but is living in Germany. We do not have a U.S. address on file. What is the proper way to report the board fee payments if we do not have a specified U.S. state associated with this person?
A.
(Answered by IOFM's third-party tax experts)
The payments are reported on Form 1099-NEC and the recipient's address on the 1099 is the address where the citizen currently resides in Germany. U.S. citizens are subject to U.S. income tax, and are reportable…
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