- Membership
- Certification
- Events
- Community
- About
- Help
Is a 501(c)(3) organization receiving medical payments 1099 reportable?
May 30, 2024
Q. I have a 501(c)(3) organization that is receiving many medical payments for services rendered for organ and tissue transplants. Each invoice is patient-specific. Should I send them a 1099-MISC and report in Box 6?
A.
(Answered by IOFM's third-party tax experts)
A vendor with 501(c)(3) status is treated as a “exempt recipient” which is not subject to Form 1099 reporting. No 1099-MISC is required for payments you make to this organization. You would want to be able to reasonably rely on one…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
