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Institute of Finance & Management

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Q. We have a W-9 that lists Parent Corp on line 1, with its EIN in Part I, and on line 2 lists Subsidiary LLC, a single-member LLC treated as a “disregarded entity” for federal income tax purposes, with a separate EIN. Who should we report the...

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Vendor payment fraud is evolving faster than manual controls, employee training, and periodic reviews can keep up. Fraudsters have learned to pass confirmation calls, bank account validations, and workflow approvals, so controls that look solid on...

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Q. I watched the IOFM webinar 2026 Back to Basics Form 1099 NEC and heard that online software is a service, while offline software is rent. I asked my IT department to tell me which software was online and which was offline. They came back with a...

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Q. Is it correct that the W-9 alone does not dictate whether you should send a vendor a 1099? If the company sells materials, for instance (Home Depot, Grainger, Hilti, etc.), do they not get a 1099, even if they are an LLC-P? We can only indicate...

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Year-end 1099 reporting remains one of the most time-consuming and compliance-sensitive responsibilities for AP teams, and this year's IRS changes add another layer to keep track of. In this session, you'll get a clear review of the key updates...

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