All US-based companies, including nonprofits and other tax-exempt organizations are subject to IRC Section 6050W and the resulting Form 1099-K reporting. As a result, the information they have on file with us should be verified. However, they may not be subject to backup withholding.
Are non-profits subject to IRC Section 6050W and 1099-K reporting? Print
Created by: Ferris Eanfar
Modified on: Tue, 25 Oct, 2016 at 3:58 AM
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