Federal 1099 reports are informational forms to be filed with the Internal Revenue Service (IRS), with a copy to the taxpaper. They report certain types of compensation paid to individuals, sole proprietors, and partnerships as defined by IRS regulations.
- Who receives a 1099?
- Any person that is not a regular or contingent employee of the university receiving $600 or more during a calendar year for services provided to the university.
- Any Towson University employee receiving $600 or more during a calendar year for performing services for the university completely unrelated to their normal work function.
- Who do I contact if I think
my 1099 is incorrect?
Contact Jessica Todd Loetz, Financial Services Department
By phone: 410-704-5110 or e-mail: firstname.lastname@example.org
- Who issues the 1099?
The university provides details to the State's General Accounting Division (GAD) and GAD issues the 1099.