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Reporting Refund Fees on 1099s
by Randy Carey, BOL Guru
Guru Bio
Question: Are refunds of fees (service fees, overdraft fees, check order fees, etc.) reportable on 1099s?
Answer: The waiver of fees normally charged by the bank for bank services are not reportable on a 1099.
First published on BankersOnline.com 5/12/08
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