Crowdfunding contributions may be includible in the gross income of the person receiving them depending on the facts and circumstances. The crowdfunding website or its payment processor may be required to report distributions of money raised if the amount distributed...
margie@payrollpartners.com
Happy Thanksgiving from your friends and family at Payroll Partners
At Payroll Partners, we are incredibly thankful for you, our valued clients. Your trust and loyalty inspire us to continuously improve our services and provide the best payroll solutions possible. We appreciate your ongoing support and are committed to helping your...
Should I issue Form W-2 or Form 1099-NEC for our minister?
Most churches will issue a Form W-2 to a minister for their compensation if the minister is considered an employee of the church. The determination of whether a minister is an employee or an independent contractor is crucial in deciding whether to issue Form W-2 or...