Indeed, they paid with check. I've asked for a void per my accountant's advice. She said that since we report all our income anyway, I could technically ignore the 1099 and it'll all be fine.
Angel On Friday, February 14, 2014 5:52:40 AM UTC-7, Scott Tillitt / BEAHIVE wrote: > > 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] <javascript:> / 917.449.6356 > // Facebook <http://www.facebook.com/scott.tillitt> / > Twitter<http://www.twitter.com/bluehwyflaneur> > / LinkedIn <http://www.linkedin.com/in/tillitt/> > > *BEAHIVE* > *sign up for* *BEAHIVE BZZZ* <http://eepurl.com/caxT> > collaborative spaces for work + community > // beahivebzzz.com <http://www.beahivebzzz.com> / > Facebook<http://www.facebook.com/BEAHIVEBZZZ> / > Twitter <http://www.twitter.com/BEAHIVE> > > *RE>THINK LOCAL* > co-creating a better Hudson Valley > // rethinklocal.org / Facebook <http://www.facebook.com/ReThinkLocal> / > Twitter <http://twitter.com/ReThinkLocal> > > *ANTIDOTE COLLECTIVE* > socially conscious communications for a better world > // antidotecollective.org <http://www.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] <javascript:> wrote: > > A member's company sent me a 1099 for membership fees > paid<http://groups.google.com/group/coworking/t/5c59b8cfdffc0274> > > Angel Kwiatkowski <[email protected] <javascript:>> 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] <javascript:>> 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 <http://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.
