In this episode, Chris Mallonee leads us through an in-depth discussion on 1099s. We talk about everything from why churches need to file 1099s to what to do if you failed by this year's January 31st deadline.
What is a 1099 and how are they relevant for churches? - 3:28
What are the different types of 1099 forms? - 5:14
What is the difference between a W2 employee and a 1099 contractor? - 6:40
Real-life scenarios: 1099 Contractor or W2 employee? - 10:47
Why would a church want to pay someone as a 1099 contractor rather than a W2 employee? - 15:05
Do payments to mission organizations or benevolence require a 1099? - 26:53
What kind of contractor payments requires a 1099? - 27:58
What is a W9 and how does it help us discern who needs a 1099? - 31:45
Does how we pay for a service make a difference to filing 1099s? What if you failed to file 1099s in 2022? - 47:36
Closing advice for pastors and finance team leaders - 52:32If you would like more info or help with filing 1099s you can email us here - [email protected]