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Are donations exempt from 1099 reporting?
March 28, 2023
Q. Our company is making donations to various organizations for Covid-19 relief. Can you tell me if these organizations are exempt from 1099 reporting?
501(c)(7) organizations
For-profit hospitals
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.)
An organization exempt from taxation under Code section 501(c)(7) is an "exempt…
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