1099-reporting a sponsorship payment

January 30, 2019

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Q. A group of students is putting together a fundraising event to raise money for a foundation and have asked our organization for a $1,500 sponsorship. They have requested the check be written to a name different than the tax exempt foundation that will eventually receive the benefits. Do we have to issue a 1099 to the group of students putting on the event for the sponsorship?  A. Possibly.  Payments to tax-exempt entities are not reportable because of the status of the recipient as…

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