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Reporting of expenses paid to the employee of another company
June 15, 2023
Q. We are contracting with a medical group for services. They are hiring a physician, and we have agreed to pay moving expenses, a sign-on bonus, and student loan forgiveness for their employee. If we issue the checks to the physician for those expenses, I believe it would be just a regular 1099-NEC. There might be nuances I'm missing on that so please correct me. If we pay the moving company or the loan directly to the holder, does that change the 1099 reporting?
A.
(Answered by IOFM's…
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