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We have a number of candidates we have been flying in town ...

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We have a number of...
We have a number of candidates we have been flying in town to interview for a job opening. Some of the expenses exceed $600 - would this be reportable on a 1099? What if we end of hiring the candidate?
Submitted: 9 years ago.Category: Tax
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Answered in 23 minutes by:
8/1/2008
Tax Professional: Bill, Enrolled Agent replied 9 years ago
Bill
Bill, Enrolled Agent
Category: Tax
Satisfied Customers: 3,153
Experience: EA, CEBS - 35 years experience providing financial advice
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Interview expenses that are paid for candidates are not considered taxable income and do not need to be reported on a 1099. See the IRS links below:

See interview expense allowances on page 43 - http://www.irs.gov/pub/irs-pdf/p535.pdf

See page 31 - http://www.irs.gov/pub/irs-pdf/p525.pdf

 

 

Bill
Bill, Enrolled Agent
Category: Tax
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Experience: EA, CEBS - 35 years experience providing financial advice
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