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Business / Other Tools / W-2 and 1099 Kit 2010 2.1
W-2 and 1099 Kit 2010 2.1
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W-2 and 1099 Kit 2010 2.1 Description
Follow a simple interview for each of your ministers, employees, and vendors to determine which individuals get a W-2 or 1099-Misc.
Follow a simple interview for each of your ministers, employees, and vendors to determine which individuals get a W-2 or 1099-Misc. Whether it is a W-2 or a 1099-Misc, you will have an easy time making sure that your church or ministry is operating in compliance with the tax law. If a minister has a properly prepared, church-designated housing allowance, it has a major impact on the W-2 or 1099-Misc form. The W-2 and 1099 Kit™ takes in all of the information for each employee and accurately calculates which numbers go where on the proper tax forms. One of the most difficult things to determine is who gets a 1099-Misc. Churches and ministries struggle with this because there are many rules that apply. The W-2 and 1099 Kit™ asks you the right questions to make creating the 1099-Misc tax forms easy. What if the church or ministry has a medical reimbursement plan and makes payments on the pastor's bills? Did you know that regardless of the amount paid, you must give the medical provider a 1099-Misc showing the payment in box 6? Churches and ministries must issue 1099-Misc forms to their attorneys and report it in box 7 regardless of the amount paid for legal services.
OS: Windows