![]() Let’s get taxable! Wait, what is a 1099-K?Ī 1099-K is an IRS tax form used to report electronic and third-party network transactions. We’re just breaking down the problems and offering possible solutions as we see them, from our vantage point as fundraisers and fundraising software developers. ![]() Oh, and before we go any further, please keep in mind that we are not legal or tax experts, and as such, you should speak to an actual, bonafide legal or tax expert about this stuff. Whether you need a crash course on the basics or are looking for a jumping-off point to communicate these changes to staff and volunteers, you’re in the right place. Nonprofit friend, it’s time to take a good hard look at recent 1099-K changes that will likely impact your community’s filings. Today, however, we’re here for something far less dazzling: taxes. Here at Funraise, we like our fundraising with a dollop of magic and a dash of sparkle.
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