Tax exempt nonprofits don’t pay taxes, but they still have plenty of filing and paperwork to do! One important piece of paperwork is your 1099’s! Even nonprofit organizations need to provide 1099s to their Independent Contractors.
What’s an independent contractor?
Independent Contractors are those who have done work for you, but they are not on your staff or considered employees of the organization. Some examples of Independent Contractors are bookkeepers, consultants, photographers, videographers and more.
How, where and when do you send the 1099?
The independent contractor should provide you a W-9 with their company’s EIN number and address, be sure get that form from them! If you paid them more than $600 in the year you need to send them a 1099. This can be done by your bookkeeper or accountant or in your bookkeeping software program such as Quickbooks. For this year, these forms are due to the Independent Contractor by January 31, 2019.
