Also note that travel expenses are not included in the amount recorded in the 1099-K. Hence, we negotiate a full package that is compensation plus travel and account for travel separately.
Rich Dempsey Rochester, NY On Thu, Mar 21, 2024 at 2:11 PM Lissa Bengtson via Organizers < organizers@lists.sharedweight.net> wrote: > Several times I've had talent agree to work for $599 so that they don't > have to receive a 1099. But I think those days are gone! > > Lissa B. > San Antonio > > On Thu, Mar 21, 2024 at 12:05 PM Mary Collins via Organizers < > organizers@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 <varlan...@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 >>> varlan...@gmail.com >>> >>> >>> >>> On Thu, Mar 21, 2024 at 1:35 PM Mary Collins <native...@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@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 >>>>> >>>> _______________________________________________ >> Organizers mailing list -- organizers@lists.sharedweight.net >> To unsubscribe send an email to organizers-le...@lists.sharedweight.net >> > _______________________________________________ > Organizers mailing list -- organizers@lists.sharedweight.net > To unsubscribe send an email to organizers-le...@lists.sharedweight.net >
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