January 24, 2024
Q. Are artwork fees and setup fees for printing items 1099 reportable? If so, you do only 1099 report the fees?A.(Answered by IOFM's third-party tax experts)Generally in printing production, imprint art prep and setup charges are incidental to the production of the printed items and are not broken out as 1099 reportable services. If your company separately commissioned the creation of a piece of original artwork, such a payment could be Form 1099-NEC reportable (determined by specific facts…
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