Sunday, December 22, 2013

IRS 1099-Misc Due on January 31

Regardless of its tax-exempt status, a PTA may have to complete an IRS 1099-Misc Form if it made payments of $600 or more in a calendar year (January-December) to any individual or unincorporated business as payments for services. This means your PTA contracted for a particular outcome, but did not supervise the manner and means by which it was achieved. If the person was directly supervised by the PTA, then he or she was an employee, and other requirements apply. More information is available here.