I'm treasurer for a support group. we get donations via Givebutter. i keep none of it. they're sending 1099's this yr. how to avoid this being marked as income for me?

Forum|Forum|3 years ago
December 9, 2022
1 reply
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i manage donations our 12 step support group gets via Givebutter.com. we hold a small amount for unexpected expenses, otherwise, everything goes toward meeting expenses. anything more, we donate out. this year they (via Stripe) will be sending 1099's. they've never done this in years past. but now since the Givebutter/Stripe account is under my name & social security number, i fear the IRS will think this is income for me - which it is not. i do have a spreadsheet for every transaction. do i just deduct that somehow/somewhere? any ramifications with this?

TurboTax Online

NCperson

Level 15

@SyberKnight

why can't you remove your name / SSN from the Stripe account?

SyberKnightAuthor

Level 4

it won't let me. i could replace me with someone else if i could find someone willing, but i doubt anyone will step up given this new requirement.

Critter-3

Level 15

The what I assume "non profit" situation should be legally set up as such so that an EIN for the group can be issued and the 1099-K issued to that EIN and a proper return filing can be done even if no taxes are due.

Seek local professional assistance to get this situation done correctly.