Foreign ATMs - 1099 Reporting

Answered by:

Question:

Are refunds of withdrawal fees charged at a foreign ATM reportable on 1099's?

Answer:

I am not aware of any IRS ruling relative to this. At worst, such payments would be subject to 1099-MISC rules, which are triggered if the credits (and any other non-employee compensation you pay to the same individual) aggregate to $600 in a year.

First published on BankersOnline.com 3/10/08