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1099 reporting to provider or intermediate third party?
October 3, 2024
Q. We are a university that pays medical facilities for training our medical students. In this case, the foundation for this facility, with a different TIN, bills us for this service. We pay the foundation and then they pay the medical facility. Is the income reportable for the medical facility or the foundation?
A.
(Answered by IOFM's third-party tax experts)
Your organization reports the payment based on the entity – the medical facility or the foundation – with which you made the contract. …
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