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1099 for charitable donations?
February 21, 2023
Q. We have a charity vendor that we are only going to be paying for the purpose of charitable donations. Do we need to collect a 1099 from them since we aren't contracting any services or buying any goods from them?
A.
(Answered by IOFM's third-party tax experts)
The purpose of obtaining a Form W-9 from a tax-exempt charitable organization is to have their certification (signed under penalties of perjury) that the organization is an organization exempt from tax under section 501(a) of the…
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