News and Information about the nonprofit sector in Massachusetts. Check back frequently to keep informed.
October 26, 2020
How to Quickly Identify Your 1099-MISC Payments
Irene Wachsler
Irene Wachsler
By Jan. 31, all nonprofits must submit a completed Form 1099-MISC to any individual, as well as any lawyer or law firm, to whom they paid $600 or more for services during the previous calendar year #147; or face financial penalties imposed by the Internal Revenue Service.

As a general practice, it is recommended that you obtain a completed W9 from service providers before you pay for their services. It is also recommended that organizations withhold payments until they receive a W-9. Read more.
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