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1099 that included compensation plus expenses
February 21, 2023
Q. We sent a client their 1099 and they insisted that the amount listed for non-employee compensation is incorrect. The amount listed in non-employee compensation was the total amount of the service, which includes beverages, food and staff payment, but they stating that the amount listed on the non-employee compensation line should only be their compensation. Please advise if is this true?
A.
(Answered by IOFM's third-party tax experts)
Your description of the payment looks like your company…
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