Is My Nonprofit Responsible For Filing 1099 Forms?

Nonprofit leaders depend on ExpressTaxExempt and TaxBandits for annual tax needs

If nonprofit organizations are exempt from taxes, are they responsible for filing 1099 forms?

Has this question ever crossed your mind?

Nonprofit organizations are exempt from a lot, but filing 1099 Forms are not one of them.

Used by business owners to report non-employee compensation of $600 or more to an independent contractor, nonprofit organizations also utilize 1099 Forms to report prizes, awards, and additional payments.

What is a Form 1099-MISC and When Is It Due?

Before you try to rush and research tons of information on 1099 Forms, ExpressTaxExempt is here to help you and give you all of the information that you need. So let’s get to it:

The original due date for reporting nonemployee compensation was January 31, 2018. However, the other types of payments reported in Box 7 of a 1099 Form must be e-filed by Monday, April 2nd to include the following payments:

  • Prizes and Awards (for non-employees)
  • Professional Service Fees 
  • Attorney, Accountant, Architect, or Engineer Fees
  • Fees paid by one professional to another (fee-splitting or referral fees)
  • Taxable fringe benefits
  • Payments to an insurance salesperson, and more. 

Form 1099 Series (MISC, INT, DIV, R, S, B) forms must be e-filed with the IRS by Monday, April 2nd.

How Can I File By The Deadline?

With Easter right around the corner and so many opportunities to serve your community this season, I am pretty sure the last thing on your to-do list is filing your taxes.

Luckily, our sister product allows you to file your 1099 Form so quick that you don’t have to worry about missing the deadline!

Steps to file Form 1099 are as follows:

  • Create or sign in to your TaxBandits account
  • Select “Form 1099-MISC”
  • Enter payer details (name, EIN, address)
  • Enter recipient details (name, SSN/EIN, address)
  • Enter federal details for miscellaneous income
  • Enter state information and state taxes withheld for each applicable state
  • Choose for the form to be mailed to the recipient
  • Review, pay and transmit return directly to the IRS
Volunteers of nonprofit maintain support of their community with the help of ExpressTaxExempt

Information Needed To File Form 1099

You will only need four categories of information to file Form 1099 correctly:

  1. Payer Details: Name, EIN, and Address
  2. Recipient Details: Name, EIN/Social Security, and Address
  3. Federal Details: Miscellaneous Incomes and Federal Tax Withheld
  4. State Filing Details: State Income, Payer State Number, and State Tax Withheld

What Matters Most

You are working hard to improve your community health and well-being, don’t let taxes hold you back.

For all that you do, we make keeping your exempt status easy! File your 1099 Forms with TaxBandits and get back to helping others. 

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