Did your homeschool organization pay an Independent Contractor more than $600 in 2017? Then you need to give them a 1099-MISC form.
Accountant Carol Topp, the Homeschool CPA, explains how to fill out the form, how to get the form, and tips for filing it correctly.
To prepare your IRS Form 1099-MISC, I recommend Yearli.com. I’ve used them for years. It’s fast, easy, inexpensive ($4.99 per 1099-MISC) and all online, so there are no paper forms to mail! If you use my Yearli referral link, you receive a 15% discount and I get a small referral fee. https://mbsy.co/rzrbp
Featured resource
Are you paying workers in your homeschool organization? Can a volunteer be paid? Should a worker be treated as an employee or independent contractor? Do you know the difference?
Homeschool leader and CPA, Carol Topp, has the answers to your questions in her book Paying Workers in a Homeschool Organization.
This 130 page book covers paying workers as employees or independent contractors. There are also chapters on paying volunteers and board members. It includes sample forms, tips and advice to help you pay workers in accordance with the IRS laws to help your organization pay their workers correctly. Written specifically for homeschool organizations.
Click Here to request more information!
Carol Topp, CPA