Should A Speaker From An Organization Get A W9 Form – The form requires an individual to provide their name, address, tax qualification, and withholding requirements. This form serves as a guideline and gives the employer the information needed to fill out a form 1099 at the end of the year. By january 31st, 2012 the church must file form 945, sign it and mail it to the irs with the backup withholding. The irs requires businesses and organizations to collect a form w9 from vendors it pays to determine if a 1099 will need to be issued at the end of the year.
Such organization may provide you with a receipt that have the amount of contribution, their name, address, tax id, etc. Or we may have entertainment by a local music group such as a barbershop quartet. In order to meet the requirements of federal law, your church must gather the name, address and taxpayer identification number of every guest speaker your church pays. Sometimes we have a speaker from a nonprofit organization;
Should A Speaker From An Organization Get A W9 Form
Should A Speaker From An Organization Get A W9 Form
He gets a check for $720.00 and goes his way. They are usually considered independent contractors (individuals or companies that do a service for your organization, but are not under the church's control and are not considered employees according the irs guidelines ). Paying a guest speaker by:
The church takes up an offering of $1,000.00 and you withhold $280.00.
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