1099 Preparation

[david85224]

It seems that we don't prepare 1099's for much of anything. Do we have examples of what we would report on?

Reporting is not required for payments to:
• Vendors providing products, materials, food, supplies, or other tangible property (except
when combined with reportable rent or services) or reimbursement to Church members for
purchases of such items.
• Legally incorporated entities; but individuals, LLCs, partnerships, and sole proprietorships
are generally reportable.
• Tax-exempt entities such as governments, schools, churches, and 501(c)(3) organizations.
• Fast-offering recipients and vendors (such as doctors or landlords) who receive payments
on behalf of fast-offering recipients.
• Church members for reimbursement of housing payments for missionaries that do not
exceed $75 per month or $900 per year.
• Utility companies.
• Other Church units.
• Family Services.

Do we report on ANYTHING that was paid via Fast Offerings? I don't think we have any expenses that weren't Fast Offerings. I would need to be looking for expenses that were non-Fast Offerings related?
Would any of these need a 1099?
1) We had some "auto-repair" expenses for members that were paid via Fast Offerings.
2) Purchases made on the Staples corporate account. Does HQ send them a 1099, or do we need to as a ward?

[eblood66]

1) Auto repairs paid with fast offerings are not reportable (fast offering rule)
2) Staples purchases are not reportable (they are legally incorporated and headquarters handles the relationship anyway)

If you have an individual provide some service for a youth conference or camp (perhaps for meal preparation) or for a ward/stake activity (perhaps entertainment) then that would be reportable.

I've been a ward clerk or finance clerk for 12 years now and I've never actually had anything that needed to be reported on a 1099.