another thing to check on at work. I'll be back there on Tues and will
update with what I find out then. Hang tight!
Mary
"And those who were seen dancing were thought to be insane by those who
couldn't hear the music." - Nietzsche
“Life is not about waiting for the storms to pass ... it's about learning
to dance in the rain!” ~ unknown
On Thu, Mar 21, 2024 at 3:28 PM Tncontracaller <tncontracaller(a)gmail.com>
wrote:
If the amount dispersed include a travel allowance
that would drop the
actual fee below 600.00, how should that be handled.
Sent from my iPhone
On Mar 21, 2024, at 2:06 PM, Mary Collins via Organizers <
organizers(a)lists.sharedweight.net> wrote:
Ok then yes each recipient should fill out a w9 (down load from irs) and
then next Jan a 1099 should be issued.
On Thu, Mar 21, 2024, 1:38 PM Virginia Varland <varlandvs(a)gmail.com>
wrote:
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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