21 Mar
2024
21 Mar
'24
5:38 p.m.
To clarify, this event is upcoming. We have not yet paid our talent, but
multiple individuals will receive an amount greater than $600.
Virginia Varland
varlandvs(a)gmail.com
On Thu, Mar 21, 2024 at 1:35 PM Mary Collins <nativedae(a)gmail.com> wrote:
As an organizer, caller, Bookkeeper and tax filier
this is correct...if
you paid an individual $600 or more during the year. If it was a band that
disbursed monies less than $600 each then no.
The 1099's were due Jan 31, so get this done asap.
There is also a new "gig worker" deduction for those earning over $250
from one organization as well for those of us that call or play.
Mary Collins
On Thu, Mar 21, 2024, 1:23 PM Virginia Varland via Organizers <
organizers(a)lists.sharedweight.net> wrote:
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
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