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@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 > varlan...@gmail.com > > _______________________________________________ > Organizers mailing list -- organizers@lists.sharedweight.net > To unsubscribe send an email to organizers-le...@lists.sharedweight.net >
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