The Mudcat Café TM
Thread #58108   Message #1104250
Posted By: Barbara Shaw
29-Jan-04 - 09:14 AM
Thread Name: Tech: Bank account for music org?
Subject: RE: Tech: Bank account for music org?
Found this thread as I was about to ask a related question.

One organization where our 5-person band performed paid us by check and sent me a 1099 for the full amount, in the band's name but with my ss#. It's easy enough to divide up cash and misc checks 5 ways for income tax purposes, but what do I do with this 1099 that gets reported to the IRS as my income alone?? I have detailed records of expenses, etc but have never gotten a 1099 before for the band, and I don't know how to handle this 1099 that really reflects a payment to 5 different people. Is it time for an accountant?