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Payments to utility companies
June 26, 2024
Q. Are utility companies that we pay directly (not through rent) subject to 1099 reporting if they report as anything other than a corporation on a W-9? I am seeing conflicting information on this.
A.
(Answered by IOFM's third-party tax experts)
Whether a payment your organization makes to a utility company is subject to 1099 reporting will depend on the status your vendor confirms on a certified Form W-9. There is no “blanket” exemption for utilities companies and information reporting…
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