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.