New Member
It seems that we don't prepare 1099's for much of anything. Do we have examples of what we would report on?
Reporting is not required for payments to:
• Vendors providing products, materials, food, supplies, or other tangible property (except
when combined with reportable rent or services) or reimbursement to Church members for
purchases of such items.
• Legally incorporated entities; but individuals, LLCs, partnerships, and sole proprietorships
are generally reportable.
• Tax-exempt entities such as governments, schools, churches, and 501(c)(3) organizations.
• Fast-offering recipients and vendors (such as doctors or landlords) who receive payments
on behalf of fast-offering recipients.
• Church members for reimbursement of housing payments for missionaries that do not
exceed $75 per month or $900 per year.
• Utility companies.
• Other Church units.
• Family Services.
Do we report on ANYTHING that was paid via Fast Offerings? I don't think we have any expenses that weren't Fast Offerings. I would need to be looking for expenses that were non-Fast Offerings related?
Would any of these need a 1099?
1) We had some "auto-repair" expenses for members that were paid via Fast Offerings.
2) Purchases made on the Staples corporate account. Does HQ send them a 1099, or do we need to as a ward?
Reporting is not required for payments to:
• Vendors providing products, materials, food, supplies, or other tangible property (except
when combined with reportable rent or services) or reimbursement to Church members for
purchases of such items.
• Legally incorporated entities; but individuals, LLCs, partnerships, and sole proprietorships
are generally reportable.
• Tax-exempt entities such as governments, schools, churches, and 501(c)(3) organizations.
• Fast-offering recipients and vendors (such as doctors or landlords) who receive payments
on behalf of fast-offering recipients.
• Church members for reimbursement of housing payments for missionaries that do not
exceed $75 per month or $900 per year.
• Utility companies.
• Other Church units.
• Family Services.
Do we report on ANYTHING that was paid via Fast Offerings? I don't think we have any expenses that weren't Fast Offerings. I would need to be looking for expenses that were non-Fast Offerings related?
Would any of these need a 1099?
1) We had some "auto-repair" expenses for members that were paid via Fast Offerings.
2) Purchases made on the Staples corporate account. Does HQ send them a 1099, or do we need to as a ward?