I have an exempt organization that issued 3 non-working scholarships for $750 each. Can someone tell me how or if a 1099 like form needs to be issued?
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Last edited by BOB W; 01-10-2013, 04:23 PM.This post is for discussion purposes only and should be verified with other sources before actual use.
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Bob,
Can't give you a difinite answer, however, by reading the following two website--I would say the organization is not required to issue any forms to the IRS.
http://counsel.cua.edu/fedlaw/SandF.cfm
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Thanks Gene, came up with the same conclusion after I posted. Thought the question would be of interest to some. If it was not related to employment- no 1099 or W-2. If related to employment it gets reported on W-2 only.This post is for discussion purposes only and should be verified with other sources before actual use.
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