VIDEO PODCAST: Common Form 1099 Questions from Nonprofits [SUBSCRIBERS-ONLY]

Mike and Ben discuss the basics of the Form 1099 rules and address some questions that are frequently asked by nonprofit organizations related to the Form 1099, including whether nonprofits are required to comply with the Form 1099 rules, whether a 1099 is required when the payee is also a nonprofit organization, whether a 1099 is required when reimbursing Board members for expenses, the importance of timely collecting Forms W-9 and avoiding 1099 mistakes, and more.

CHAPTERS:

00:00 - Intro

01:19 - Overview of the Form 1099 requirement

04:01 - The importance of proper worker classification

06:14 - Whether a 1099 is required when the payee is a nonprofit organization

07:27 - The importance of getting a Form W-9 from the payee

08:08 - Whether a 1099 is required when reimbursing Board members for expenses

09:30 - Overview of IRS accountable plan rules

12:00 - Having a process to avoid Form 1099 mistakes

14:25 - The optics of Form 1099 mistakes

16:25 - Reporting payments to attorneys

17:36 - Whether a 1099 is required for need-based grants made to individuals

19:21 - The importance of making the right determination about whether a 1099 is required