@jsprous wrote:
It is not enough to trigger a 1099 or 1099c.
Is there a definite answer, I have been unable to find it in the IRS code.
I sincerely doubt there is a definitive answer to this specific question, but the general rule is all income is taxable unless otherwise excluded (in the Code).
If the figure is not sufficient to trigger a tax reporting statement, the board member will most likely never be questioned about the dues waiver. However, it certainly appears that it would (and should) be some form of compensation that would need to be reported as such.
