IOFM Members rely on “Ask the Expert” whenever they’re stumped. IOFM's tax experts are standing by, ready to answer your 1099 compliance questions. And a panel of more than 100 AP practice leaders are also on call for your next best practice question.

Adding a vendor who will never receive a 1099

May 25, 2022
May 25, 2022

Share

Q. I work for county government in accounts payable and am adding a new vendor for schooling and conferences. The GL being used is not a 1099 line. The payee is a state chapter of assessing officers. Technically, this would be added as a 1099 vendor based on the W-9 information, but it most likely will never be paid with a 1099 eligible GL line. In this situation, should the vendor be added with 1099 information or is that necessary? A. (Answered by IOFM's vendor master file expert, Debra…

  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!

Join Today


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.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500