- Membership
- Certification
- Events
- Community
- About
- Help
1099s for flat rate travel stipends
January 30, 2024
Q. What are the 1099 requirements for flat rate travel stipends? We paid $1,000 stipends to multiple companies for travel. This was not based on per diem rates. Also, we're not reimbursing travel costs based on their itemized receipts. It's a $1,000 advanced payment for their potential travel costs (their actual costs may be higher or lower). Would this flat rate travel be 1099-MISC reportable in box 3? Could you also reference the source /publication of the answer?
A.
(Answered by IOFM's…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
