We paid a settlement with one check for the full . . .
We paid a settlement with one check for the full amount payable jointly to the lawyer and the claimant. Do we report this with one or two Forms 1099?
This is how to report:
We paid a settlement to a former employee. Do we . . .
We paid a settlement to a former employee. Do we report on a Form W-2 or 1099?
This is what you should do...
To whom do we report a payment when we send . . .
To whom do we report a payment when we send two checks--one to the attorney and one to the claimant?
This is how you should report:
We paid a settlement with one check for the full . . .
We paid a settlement with one check for the full amount payable jointly to the lawyer and the claimant. Do we report this with one or two Forms 1099?
Here is what you need to do:
When an attorney and claimant appear as joint payees for a settlement then you must report as follows (and be careful here)...
To whom do we report a settlement payment when the . . .
To whom do we report a settlement payment when the full amount of the settlement is paid directly to the attorney and we do not know the amount allocated for legal fees or the amount the claimant will receive?
This is a...
Are expense reimbursements to Board Members reportable on a 1099? . . .
Are expense reimbursements to Board Members reportable on a 1099? Also, does it make a difference if the Board Member has retired from his company but is still an active member of the Board?
As part of an acquisition, we agreed to pay the . . .
As part of an acquisition, we agreed to pay the medical premiums directly to an individual that was an employee from that acquired company. Are these premiums 1099 reportable? If so, do we report them in box 6 or box 7
A corporation that builds homes reimbursed a homebuyer $4,000 for . . .
A corporation that builds homes reimbursed a homebuyer $4,000 for a temporary stay in a hotel prior to closing on their home. The reason for the reimbursement was to offset temporary living costs incurred by the buyer due to construction and loan delays. Does the builder issue the homeowner a 1099 for the hotel reimbursement?
We reimbursed a member of our board of directors for . . .
We reimbursed a member of our board of directors for a UPS package he sent here to us from his home in New York. Are directors designated to bear the company's operating expenses? Is this reportable for 1099-MISC purposes?
Do payments made in the course of a subrogation payment . . .
Do payments made in the course of a subrogation payment get reported on Form 1099? For example, I pay another insurance company to reimburse them for a claim made by their insured against my insured. Do I issue a 1099 to the other insurance company?
Here is what you need to know:
Under section 1.6049-4(c)...
a corporation which includes an insurance company is an exempt recipient, thus no 1099 is required to be filed for the reimbursement.