1099-MISC examples

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kylems-p40
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Joined: Sat Jul 05, 2008 7:50 pm
Location: Wayzata, Minnesota, USA

1099-MISC examples

Postby kylems-p40 » Tue Dec 30, 2008 7:26 am

I'm curious what are some examples of when we would have to send out the 1099-MISC forms. I have read and understand the wiki. I'm just looking for several possible examples.

Thanks!

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aebrown
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Location: Sandy, Utah

Postby aebrown » Tue Dec 30, 2008 8:22 am

kylems wrote:I'm curious what are some examples of when we would have to send out the 1099-MISC forms. I have read and understand the wiki. I'm just looking for several possible examples.


Given all the exclusions, the examples would have to be payments to individuals for activities or other similar expenses. Some examples might be:

  • A caterer (an individual, not a corporation) for a ward dinner
  • Rental fees paid to an individual for use of property for a youth conference

Remember that the $600 threshold is for all the units in a stake, so you can't simply ask the wards to report expenses over $600 if there is any chance that multiple units have paid the same provider, since you could have three wards each paying someone $200, which would still have to be reported.


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