Hi all,
I’m a new treasurer for an organization that is preparing to hold it’s
first weekend since before the pandemic. We are a registered 501c3
non-profit operating at less than 50K per year. We will be paying our
talent more than the threshold for filing 1099’s ($600+), thus it is my
understanding that we’ll need to get our talent to fill out W9s and send
them 1099s for their 2024 taxes. Past treasurers do not recall filing
1099s for weekend talent in the past, however rates have gone up and the
threshold for filing has gone down.
Can an presently active/experienced treasurer confirm or correct my
understanding of this situation and give any insight to the process,
please? Also interested to hear experiences of talent who have had to file
1099s for earnings.
Many advance thanks for any light you can shed on this.
Best,
Virginia
Virginia Varland
varlandvs(a)gmail.com
