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Reporting reimbursement of contractors' expenses
February 28, 2022
Q. We have several contractors who invoice us for services they provide to our company. In addition, we reimburse them for any travel related expenses (hotel /transportation and meals) in the course of their business they conduct for us.
The contractors meet the requirements for 1099 reporting and are not incorporated. Should their travel reimbursement expenses be reported on their 1099-NEC that we produce?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and…
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