There are a few members who give them to me each year, and the money paid is in the rent column. Some of my members do pay by check. I always chalk it up to coworking running up against traditional accounting rules. If they want to issue, let them issue.
scott. - -- - SCOTT TILLITT PR yogi + social entrepreneur + community catalyst + meditator // [email protected] / 917.449.6356 // Facebook / Twitter / LinkedIn BEAHIVE sign up for BEAHIVE BZZZ collaborative spaces for work + community // beahivebzzz.com / Facebook / Twitter RE>THINK LOCAL co-creating a better Hudson Valley // rethinklocal.org / Facebook / Twitter ANTIDOTE COLLECTIVE socially conscious communications for a better world // antidotecollective.org - -- - t h i n k / f e e l - -- - "...an idea or product that deserves the label 'creative' arises from the synergy of many sources and not only from the mind of a single person." -- Mihaly Csikszentmihaly On Feb 14, 2014, at 3:12 AM, [email protected] wrote: > A member's company sent me a 1099 for membership fees paid > Angel Kwiatkowski <[email protected]> Feb 13 04:44PM -0800 > > This has happened for the first time in 4 years. Has anyone else gotten a > 1099 from a member for membership dues paid? > > Angel > > Alex Hillman <[email protected]> Feb 13 07:55PM -0500 > > This is generally a mistake in an otherwise confused billing > department...unless they paid with a check, in which case it's still a > little bit weird. > > In the case of collecting money electronically, your payment processor > (Paypal, Stripe, Auth.net, etc) will issue the 1099 that you need to file. > For checks, I *believe* there's a certain amount that they need to hit > before you're responsible for a 1099 with them, but double check with your > accountant on that. > > Related links for the payment processing part: > > http://www.irs.gov/pub/irs-pdf/i1099k.pdf > http://www.irs.gov/Businesses/New-1099-K-Reporting-Requirements-for-Payment-Settlement-Entities > http://www.irs.gov/Tax-Professionals/Third-Party-Reporting-Information-Center > > -Alex > > > > -- > > /ah > indyhall.org > coworking in philadelphia -- Visit this forum on the web at http://discuss.coworking.com --- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
