Tag Archives: seattle

12.29 2020

Form 1099-MISC

What is Form 1099-MISC?

Form 1099-MISC is to report payments made in course of a trade or business to non-employee. Although the 1099MISC is still in use, contractor payments made in 2020 and beyond will be reported on the new form 1099-NEC.

Form 1099-Misc and Instructions

 

 

 

  • Rents (Box 1)

Enter amounts of $600 or more for all types of rents

 

  • Other Income (Box 3)

Enter other income of $600 or more required to be reported on Form 1099-MISC that is not reportable in one of the other boxes on the for

 

  • Gross Proceeds Paid to an Attorney (Box 10)

Enter gross proceeds of $600 or more paid to an attorney in connection with legal services (regardless of whether the services are performed for the payer)

 

  • Fishing Boat Proceeds (Box 5)

Enter the individual’s share of all proceeds from the sale of a catch or the FMV of a distribution in kind to each crew member of fishing boats with normally fewer than 10 crew members. A fishing boat has normally fewer than 10 crew members if the average size of the operating crew was fewer than 10

 

  • Medical Payments (Box 6)

Enter payments of $600 or more made in the course of your trade or business to each physician or other vendor or provider of medical or health care services. Include payments made by medical and health care insurers under health, accident, and sickness insurance programs. If payment is made to a corporation, list the corporation as the recipient rather than the individual providing the services. Payments to persons providing health care services often include charges for injections, drugs, dentures, and similar items. In these cases, the entire payment is subject to information reporting. You are not required to report payments to pharmacies for prescription drugs

 

  • Direct Sales (Box 7)

Enter an “X” in the checkbox for sales by you of $5,000 or more of consumer products to a person on a buy-sell, deposit-commission, or other commission basis for resale (by the buyer or any other person) anywhere other than in a permanent retail establishment. Do not enter a dollar amount in this box. The report you must give to the recipient for these direct sales need not be made on the official form. It may be in the form of a letter showing this information along with commissions, prizes, awards, etc.

 

  • Substitute Payments in lieu of dividends or interest (Box 8)

Enter aggregate payments of at least $10 of substitute payments received by a broker for a customer in lieu of dividends or tax-exempt interest as a result of a loan of a customer’s securities. Substitute payment means a payment in lieu of (a) a dividend, or (b) tax-exempt interest to the extent that interest (including original issue discount) has accrued while the securities were on loan. For this purpose, a customer includes an individual, trust, estate, partnership, association, company, or corporation.

 

  • Crop Insurance Proceeds (Box 9)

Enter crop insurance proceeds of $600 or more paid to farmers by insurance companies unless the farmer has informed the insurance company that expenses have been capitalized under section 278, 263A, or 447 of Instructions for Forms 1099-MISC and 1099-NEC.

 

  • Excess Golden Parachute (Box 13)

Enter any excess golden parachute payments. An excess parachute payment is the amount over the base amount (the average annual compensation for services includible in the individual’s gross income over the most recent 5 tax years). Find additional detail on page 11 of the Instructions for Forms 1099-MISC and 1099-NEC.

 

  • Federal tax withheld (Box 4)

Enter backup withholding. For example, persons who have not furnished their TINs to you are subject to withholding on payments required to be reported in box 1. For more information on backup withholding, including the rate, see Instructions for Forms 1099-MISC and 1099-NEC

 

11.24 2020

Rebuilding Together Seattle

Rebuilding Together Seattle (RTS) commits in support of the communities to improve and construct for low-income homeowners. RTS provides a great help by improvement and repair of home and creation of the quality spaces for someone to feel safe. They care about the lasting impact on locals and people, and value empowering the community.

Currently, RTS has resumed limited program activities due to COVID-19. However, staff and members are working remotely and continuing to stimulate their best in people.

 

 

 

Join a team, Donate and let’s achieve Rebuilding Together Seattle’s mission to develop our communities stronger!

 

 

 

09.05 2017

RTS Celebrates with Microbrew

RTS Beer and Wine TastingRebuilding Together Seattle (RTS) will celebrate their work with micro brews and local wines at the MOHAI on October 6th. EJK will be there to celebrate RTS’ work, ensuring housing stability for low-income homeowners and revitalizing Seattle neighborhoods, one home at a time.

We look forward to VIP cocktails, photo booth charades, and live entertainment. Also can’t wait to taste the latest of Washington’s very own wineries and breweries.

You can buy your tickets here. And check out RTS’ website to learn more and get involved. 

08.15 2017

LCF Celebrates 10 years!

Latino Community Fund of Washington logoLatino Community Fund (LCF) will celebrate 10 years of empowering Washington’s Latino community, on Saturday, September 9, 2017. Join us at the Four Seasons for a night of community and celebration. LCF works to develop healthy and educated Latino families, who contribute to vibrant local communities and economies in Washington State.

We’ll be there to support LCF, as well as hear the latest from Dr. Habell-Pallán, sway to Paula Madrigal, and snap selfies with David Espinosa-Hall of King 5 News.

You can buy your tickets here. See you there!

06.10 2017

Happy 10 years to the Bus!

The Washington Bus is Seattle’s coolest voter engagement organization. The Bus makes politics fun, effective, and engaging for young Seattleites, and Washingtonians alike. For 10 years they’ve been creating positive change in our state, and this year they’re throwing a party to celebrate all their hard work! We’ll see you at the Vera Project for a Bus Bash concert featuring Sisters, Beverly Crusher, and Nolan Garrett this August.

Join Us!

Friday, August 11, 2017
7pm -11pm
@ The Vera Project, 305 Harrison St, Seattle

Tickets include dinner and drinks, and VIP tickets include exclusive event perks. And shout out to The Vera Project for being the hottest all-ages venue in Seattle!