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1099 reportability of donation payments
August 12, 2021
Q. Our company has a 501(C) (3) Foundation entity. We have been asked to setup donation payments which exceed $600 to the spouses of two employees that have passed away. Are these payments 1099 reportable? If so, what box are they reportable in on the 1099-MISC return?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.)
The…
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