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1099 to the speaker or the speaker's agency?
April 17, 2024
Q. We use an agency to hire speakers for events. This agency is a partnership, They are requesting that we make the payment out in the speaker's name but we are submitting the payment directly to the agency. We pay via ACH. Who should receive the 1099 the speaker or the agency?
A.
(Answered by IOFM's third-party tax experts)
An agent operating on behalf of a speaker is not the beneficial owner of payments you make to engage the speaker for your event. The speaker is the beneficial owner of…
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