I am a parent team manager for my sons athletic team. I administer an interest free, business checking account at a local bank which collects monies from parents and pays coaches and any fees associated with playing. There is no profit gained and it zeros out at the end of the season. I do not make any money for handling this. Many parents pay through Square and I have received a 1099K from them as my SS# is used on the bank account.
How do I handle this??
