IEEE Region 3 Leadership Development Committee Section Treasurer Training

Particular Information for Sections in the Regions 1-6

1. All payments that total $600 or more to individuals or unincorporated businesses require the filing of IRS Form 1099-Misc.
    
2. Typically payments may include rents, services, prizes, awards, or payments to contractors.
    
3. Sections that make such payments must obtain the correct taxpayer identification number for each payee on IRS Form W-9, "Request for Taxpayer Identification Number" or on the Substitute W-9 Form. (See Treasurer’s Handbook, page 14.)
    
4. The completed W-9s or Substitute W-9s and information about total payments made during the year should be sent to the IEEE Tax Compliance Department by 10 January following the end of the calendar year.
    
5. The IEEE Tax Compliance Department will complete and mail all Form 1099s for all IEEE Sections by 31 January.
    
6. On time completion of these information returns is necessary to avoid IRS penalties for untimely filing.

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