August 17, 2012
Gelman, Rosenberg & Freedman Nonprofit Tax Principal Richard Locastro, CPA, JD spoke at the American Institute of Certified Public Accountant’s Not-For-Profit Industry Conference on reporting rules for payroll, Form 1099 and other nonprofit transactions.
Listen to his presentation here.
The IRS reporting requirements of an not-for-profit’s many transactions can be confusing and overwhelming. Failure to properly report transactions with employees, donors and others can have severe implications . This session discusses the proper payroll, Form 1099 and other reporting rules for a host of transactions.
In this presentation, Richard Locastro covers reporting aspects of everything from employee issues such as whether an employee can receive a W-2 and a 1099, donated leave time and local lodging to employees, to less common questions involving scholarships, raffle winnings and vehicle donations. He also dedicates extensive time to the reporting requirements of employer-provided healthcare benefits.
This article was originally posted on August 17, 2012 and the information may no longer be current. For questions, please contact GRF CPAs & Advisors at marketing@grfcpa.com.