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It's my understanding that if our pay doesn't reach $600 we need not report this as income on a 1099. Tim. |
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The *umpire* must (well, is supposed to) declare the income whether or not they receive the 1099. |
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Tim: Rich is correct. A 1099 is only generated when one (1) entity pays another entity $600 or more in a given tax year. He is also correct that in the immortal words of Yogi Berra, late of AFLAC commercials, that a gift certificate is the same as "cash which is just as good as money." MTD, Sr.
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Mark T. DeNucci, Sr. Trumbull Co. (Warren, Ohio) Bkb. Off. Assn. Wood Co. (Bowling Green, Ohio) Bkb. Off. Assn. Ohio Assn. of Basketball Officials International Assn. of Approved Bkb. Officials Ohio High School Athletic Association Toledo, Ohio |
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Thanks, guys. I work enough in several leagues and through my association that I'm always over the $600 and have to fill out a 1099 anyway. But there are a lot of guys I know who think they're clear from reporting this income if it doesn't exceed $600 from any given league. I'll have to "coach" them up a bit. Tim. |
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To sum this story up. Today the guys were reinstated .They paid the league back the money the had recieved from the ump association , and I heard they were issued gift certificates from honigs in the exact dollar amount. The league president wants next year to just handle it this way instead of an association. Thanks to all who commented . One point that was brought up that I never thought of was why does little league allow leagues to pay to begin with they should pull their chapter. Peace!!!!!
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But they still have to declare the value of the gift certificates as income to Uncle Sam. MTD, Sr.
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Mark T. DeNucci, Sr. Trumbull Co. (Warren, Ohio) Bkb. Off. Assn. Wood Co. (Bowling Green, Ohio) Bkb. Off. Assn. Ohio Assn. of Basketball Officials International Assn. of Approved Bkb. Officials Ohio High School Athletic Association Toledo, Ohio |
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All generalizations are bad. - R.H. Grenier |
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Are you completing, perhaps, a W-9? |
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There is a threshold for self-employment taxes (SS, Medicare), which is $400 net income (at least that's what it was recently). |
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