Yes, payments to corporations may be reportable.  In this episode we’ll talk about which 1099-MISC and 1099-NEC payments are reportable and which of those forms they should be reported.  

Keep listening. 

Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 116+ hours of weekly live and on-demand training for the Vendor team. 

Links mentioned in the podcast + other helpful resources:   

• IRS Publications:
  • Instructions for Forms 1099-MISC and 1099-NEC (Rev. January 2024): https://www.irs.gov/pub/irs-pdf/i1099mec.pdf 
  • 2024 General Instructions for Certain Information Returns: https://www.irs.gov/pub/irs-pdf/i1099gi.pdf 
• Debra R Richardson LLC:  New Scam Alerts https://training.debrarrichardson.com/blog
• Customized Fraud Training:  https://training.debrarrichardson.com/customized-fraud-training 
• Free Live and On-Demand Webinars: https://debrarrichardson.com/webinars
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download (Get 25% Discount on the Global Vendor Registration Numbers)
• Vendor Process Training Center:  https://training.debrarrichardson.com
• Vendor Master File Clean-Up:  https://www.debrarrichardson.com/cleanup
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