1099 Reporting

  • 1099 information

1099 Reporting

1099 Reporting

The Rowan University Finance Division is required by the Internal Revenue Service (IRS) to obtain a W-9 which may include a Social Security Number (SSN) or a Tax Identification Number (TIN) in order to file various 1099 forms with the IRS. This information is usually collected from the W-9 form and validated via the IRS TIN matching process.

The Accounts Payable Department is responsible for the preparation and filing of the following IRS forms: 1099-MISC, 1099-NEC, and 1099-K. Each calendar year the staff is tasked with reviewing every payment transaction for the university. Auditing these paid transactions ensure the university remains in compliance by reporting the appropriate reportable transaction to the vendor and the IRS. 

A 1099 form will be issued by Rowan University each calendar year to an entity whom the university has paid during that year and falls within the IRS reportable guidelines. This may include any person engaged in a trade or business, including a corporation, partnership, individual, estate, or trust, who makes reportable transactions during the calendar year.

The University currently issues the following 1099 forms: