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Expert Questions
Q. I have received a W-9 with a TIN ending in the letter K. I have never received this type of TIN… Read More
Q. We sent a vendor a 1099-NEC, but they should not have received one as their classification/TIN… Read More
Q. Looking to determine if 1099 reporting would be required for a scenario we're encountering. We… Read More
Q. Are entry fees paid to attend a competition a 1099 reportable item?
A.
(Answered by IOFM's… Read More
Q. The Master Guide to Form 1099 Compliance mentions an IRS Private Letter Ruling explaining why in… Read More
Q. We reimbursed a hotel guest due to a fall or medical expenses and lost wages. Does this payment… Read More
Q. We received an invoice payable to XYZ Company with wire information for a bank account under the… Read More
Q. An attorney was issued a check for damages for an employee lawsuit. The check was issued to the… Read More
Q. We paid a settlement to a parent of a student and in this settlement we reimbursed receipted… Read More
Q. Are food and beverage suppliers required to receive a 1099 if paid more than $600 in the… Read More
Q. Our university reimbursed an employee for a conference titled "Executive and Personal Life… Read More
Q. Can foreign individuals use their foreign tax IDto claim treaty or must they have an SSN/TIN?… Read More
Q. Does a disregarded entity still need to register this disregarded entity company name with the… Read More
Q. Our company is mainly located in Texas and the company that is managing our cloud hosting is… Read More
Q. What are best practice workflows for dispute resolution?
A.
(Answered by an IOFM Advisory Panel… Read More
Q. For 1099 purposes if a royalty holder is a corporation do we still send a 1099? Or are they… Read More
Q. Do you issue a 1099 to an S-corp if it is for rent?
A.
(Answered by IOFM's third-party tax… Read More
Q. We acquired a company in 2024 and we sent money to lawyers, consultants and the company that we… Read More
Q. We rented a conference room which I believe would fall into the MISC-01 category. We were also… Read More
Q. If we need to issue a payment to a former employee for a legal settlement, should that payment… Read More
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