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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.

Virtual meeting platform

Q. Most companies appear to be using "Teams" for virtual meetings. My organization, however,… Read More
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.

Reporting a payment to a U.S. agent representing a foreign performer

Q. We contracted with a US company that is an agent of a foreign music choir for the choir to… Read More
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.

1099 reporting for an LLC providing services in multiple states

Q. We have a Limited Liability Company-Partnership vendor providing services for our University in… Read More
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.

Consultant from Canada remotely performing system setup

Q. If a consultant company from Canada will be remote accessing our servers in the U.S. to setup… Read More
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.

Payment to an expert in a court hearing

Q. If someone is a expert for a court hearing and their W-9 states they are an individual?1 - Would… Read More
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.

How should a c/o listed on the DBA line of the W-9 be handled?

Q. When a company recognizes a c/o on the dba line of a W-9, what exactly does this mean and should… Read More
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.

Does postage paid to a mailing company apply to the reporting threshold?

Q. My company uses an LLC to print and mail its newsletter. Does the amount paid to the print… Read More
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.

Record retention requirements for 1099 forms

Q. How long are you as a issuer of a 1099 form required to retain the records of those forms that… Read More
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.

Images of W-9s and voided checks

Q. Vendor Maintenance: when our plants are submitting documentation for a vendor set up in our ERP… Read More
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.

Are outdated 1099 blank forms still useable?

Q. We ordered a significant amount of 1099-NEC and 1099-MISC forms last years under the impression… Read More
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.

OCR implementation

Q. My company is starting the implementation process with a new ERP system that includes OCR for… Read More
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.

Are casino prize giveaways 1099-reportable?

Q. I am an AP manager for a hotel/casino. We hold sweepstakes where a customer can win gift cards… Read More
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.

1099 reportability of lodging at a hotel

Q. Would a hotel payment we made for lodging (the hotel is a partnership) be reported on a… Read More
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.

1099 reporting for gift cards

Q. For gift cards given out on behalf of the County, what type of activity do we need to issue… Read More
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.

Reportability of stipend payments made to students

Q. Are stipend payments to offset living expenses 1099 reportable when paid to students as part of… Read More
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.

Meal expenses

Q. We are reviewing our current food/business entertainment policy and would like input on the… Read More
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.

Taxability of home-based employee travel expenses

Q. Our University has remote employees periodically traveling from their homes in other states… Read More
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.

Best practices for dealing with check fraud

Q. I'm looking for best practices and a detailed process for identifying, investigating and… Read More
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.

Vendor refunds

Q. What do you do when there is a vendor refund from previous fiscal year and it can't be… Read More
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.

Foreign vendor operating as a sole proprietor

Q. We have a foreign vendor that states they are a sole proprietor and provided a W-8BEN-E and left… Read More
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