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Originally Posted by PeteBooth
First off these so called "gift certificates" must total $600.00 or greater otherwise they are not taxable.
This was one of the drawbacks when our association changed payment polices. We now get paid directly through one location which means 1099 time.
When were on the "vouchering system" from each school as long as we did not go over $600.00 for that particular school we were fine.
In summary: It depends upon the value of these so called "gift certificates"
Pete Booth
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Just because you don't get a 1099 doesn't mean it's not taxable income. A gift certificate for $20 is just as taxable as a $20 game check. It's ALL taxable. Payments of $600 or more generate a 1099 which means that if you're a tax cheat and don't declare your officiating income, you can't get away with it since it's being reported to the IRS.
But getting a 1099 isn't a problem for those of us who file honest tax returns every year.