We are in the retail business and we paid a vendor $800.00 last year to move some playhouses for us from where our associates had built them to a local charity. It was part of a charity drive that the company does.  It's not a normal freight expense for us however, so we were wondering if this was reportable on a 1099 Misc.

We have a situation where we would like to contribution monies to a former employee's spouse - c/o of The Childens Fund.  The former employee passed away in a car accident and currently the spouse does not have a trust established for the children.  As I understand it, we only have two options - 1.) have the spouse set-up the trust account, obtain an EIN, and then issue monies to the trust.  If the trust is set-up as a corporation then I too assume that their is not a reporting responsibility.  2.) If the spouse does not establish a trust for the children, we could issue payment to her as long as she provided her SSN.  This would be a taxable issue - Form 1099-MISC - MISC7, correct?

A deceased employee's estate was reimbursed for all expenses related to his funeral in the same year as his death.  The expenses were invoiced by the funeral home and through AP payment was made to the funeral home in care of the employee's estate.  Would we report the funeral home as well as the estate similar to how some attorney settlements are dual reported, or, because the ultimate beneficiary is the estate we would only need to report to the estate?

My question relates to 1099 reporting for nonqualified annuity distributions where there is no gain to report.  I have found that if there is not gain on a distribution, our system does not create tax reporting.  It seems to me that the distrubtion should be reported on the 1099R, box 1 and box 2 would be zero in this situation.  Is it acceptable to do no reporting?

Does the following situation require Form 1099-MISC reporting to the individual?

An individual is being honored at a recognition event for his/her charitable service. The person was nominated by others. The person has his/her airfare and hotel paid for to attend the recognition luncheon in another state. There is no other value received by the individual.

Does this qualify as a noncompensatory payment; and therefore, does not require the person receive a 1099-MISC for the value of the airfare and hotel? Or if reportable, then only as a nontaxable amount received?

Expanded information reporting on Form 1099-MISC - Exception for payments to corporations is eliminated.  The class of payments for which information reporting is required is expanded to include gross proceeds for both property and services.  This change will take effect for payments made after 12/31/2011.  The last I heard is that this was not going to happen.  Has something changed?  If this is true (going to happen), can you eleborate on the class of payments for gross proceeds for property and services?

Is there taxation on a life insurance accelerated death benefit paid out to an owner who is not the insured when the benefit is greater than the basis in the contract?

We know that with nonqualified annuities, for serial contracts, aggregation rules apply regarding taxable gain reporting on the 1099R.  The question is, after death do serial contract aggregation reporting rules still apply if 1) both/all contracts are assumed by the spouse? and/or; 2) if contract A had a named beneficiary that was different thant he named beneficiary on contact B?

We have paid a particular vendor for services as a sole proprietorship and reported the payments on form 1099-MISC under the owner's name and SSN as indicated on the W9 form they submitted to us years ago.  They have now sent us a new W9 form which indicates they are now incorproated and have a new EIN.  I would assume that any payments made up to this point, would still be reported at year end in accordance with the information on the old W9 form and any payments issued going forward would fall under the corporate exemption and not be reported at all.  Is my assumption correct?  Also, when I ran the new EIN in the TIN Matching System, the result indicates "TIN entered is not currently issued."  Is this to be expected if the new EIN was recently acquired?  Can we assume that the number is correct even if a positive match was not returned by the TIN Matching System?

The XYZ Center for Philanthropy runs the GrantMaking School and made this following agreement, in recogniton of the partnership between The GrantMaking School and XXXX, we will provide a portion of our revenue to you from the course scheduled for a certain date.  In exchange for revenu sharing, we ask you to help secure a sponsor for venue and food costs and to market the course to grantmakers within your region.

This 20% revenue sharing payment we make - is it a reportable payment and if so what type of payment would you consider it to be?