- Membership
- Certification
- Events
- Community
- About
- Help
Using a third party to distribute grants
December 14, 2021
Q. Our county will be receiving a grant to distribute to small businesses as grants to help struggling business. We are planning to use a private company (corporation) so that they will request all needed paperwork from the businesses and issue the payments and the 1099-Gs at the end of the year.
How would we report the disbursement to the intermediary corporation? Would we report it on a 1099-NEC?
A.
(Answered by a 3rd party, independent advisory services firm offering experienced and…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
