Guest Speakers/Sub Contractors

All guest speakers are considered “sub contractors” for tax purposes. If a subcontractor receives more than $600.00 from us during the course of the year CTK is required to file a 1099 misc for them at year-end.

All guest speakers and subcontractors regardless of amount paid to them must have a W-9 on file per IRS regulations prior to sending them their first payment or taxes must be withheld from the amount.

Please Note: Having a W-9 on file stating an individual is a subcontractor and not an employee is a totally separate issue than issuing a 1099 Misc at year end for payments of 600.00 of more.  

Bookmark the permalink.

Comments are closed