2022 UPDATE ON FORM 1099 AND 1042-S REPORTING OF PAYMENTS FOR SOFTWARE AND DIGITAL CONTENT
September 29, 2022 | 2.00PM EST | USA
Payments for software, digital content and cloud transactions are among the most challenging types of payments to correctly analyze for IRS Form 1099 or 1042-S reporting compliance. Should a payment be characterized as a royalty, a rental, a goods purchase or a service? How are these types of income to be “sourced” either within