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Does postage paid to a mailing company apply to the reporting threshold?
December 19, 2024
Q. My company uses an LLC to print and mail its newsletter. Does the amount paid to the print company for postage (which is essentially a pass-through to USPS) count toward the $600 threshold?
A.
(Answered by IOFM's third-party tax experts)
The entire payment counts toward the $600 threshold reportable on Form 1099, and you report the total payment (unless the payee is exempt). In this scenario, the postage cost forms part of the service the vendor is providing and is included in the…
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