Welcome Guest. Register Now!  


Non-Profit Organisation Non Profit Organisation


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-21-2011, 07:13 PM
Junior Member
 
Join Date: Mar 2011
Posts: 1
2010 1099 Misc

We are a non profit organization and have issued 1099 MISC to several vendors (corporations) who are located in Wayne, PA; New York, NY; Dallas, Texas. Are we obliged to report the payments we made to these corporations to their State locations? Thank you



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-22-2011, 09:43 AM
Moderator
 
Join Date: Oct 2010
Posts: 4,693
“ Are we obliged to report the payments we made to these corporations to their State locations?”--> Yes; Report on Form 1099-MISC only when payments are made in the course of your trade or business; you are engaged in a trade or business if you operate for gain or profit. However, nonprofit organizations are considered to be engaged in a trade or business and are subject to these reporting requirements. However, personal payments are not reportable.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Do I need to report my 1099-R for my 2010 return? ray805 Income 2 03-07-2011 10:48 PM
1099-Misc mroach Income 1 01-20-2011 01:09 AM
1099 misc akgirl Miscellaneous 0 12-15-2010 01:43 PM
1099-misc fuzzybritches15 S-Corporation 0 10-20-2010 06:55 PM
1099-Misc help please!!! emlila822 Income 0 02-12-2010 01:12 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning