1099 Reporting [1]

The Accounts Payable Office makes payments and reports miscellaneous income for individuals and companies who have been paid $600 or more in non-employee service payments on a 1099-MISC form.  The Accounts Payable Office also reports other types of 1099 payments.

• 1099-MISC FAQs [2]
• Other 1099 Payments: The University of Iowa files 1099-B (principal) and 1099-INT (interest) documents with the Internal Revenue Service (IRS) for calendar-year bond principal and interest payments made. The 1099 statements must be provided to the payees by January 31 of the following year. We began sending 1099-B’s in 1987 and 1099-INT’s in 2007 as required by the IRS.
  • Information Reporting Requirements for Payments of Interest on Tax-Exempt Bonds [3]
  • Specific Instructions for Form 1099-B [4]