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Who owns the 1099 reporting process?
June 29, 2023
Q. n regard to the 1099 annual and state monthly reporting process: Which team normally owns this process? Does the vendor team manage this process, or another team, and why?
A.
(Answered by the IOFM Advisory Panel)
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As a department of one, I am the person who owns the 1099 reporting process through my supplier management process. The supplier management process, initiated as part of our IT ISO certification, involves specific forms that new suppliers must complete prior to setting them up…
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