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1099-R

Pitfalls to Avoid When You’re New to Your Planned Giving Office

Published by Kara Morin on April 13, 2023

If you’re new to your role in planned giving, either because you’re covering for someone on leave, you’ve had planned giving added to your major gift responsibilities, or you’re new to the field - welcome aboard! PG Calc is invested in your success, and we’ve gathered a list of planned giving pitfalls that could get you in hot water with donors, auditors, or the IRS that we hope to help you avoid.

state registration, FASB, 1099-R, planned giving, planned giving leadership, disclosure requirements, gift planning

4 minute read

Preparing for Tax Season

Published by Jeffrey Frye on December 16, 2020

Ready or not, it’s year-end again, which leads us right into tax season – that “most wonderful time of the year!” Here is our quick review of the tax reporting process for life income gifts.

K-1, working with donors, gift administration, Cruts, 1099-R, charitable giving and taxes, IRS filing deadlines, charitable trusts, gift planning

2 minute read

Dos and Don’ts with 1099-Rs

Published by Alison O'Carroll on January 20, 2015

It’s tax season, and there are some dos and don’ts you should be aware of as you prepare your donors’ 1099-Rs. DO mail a 1099-R to your gift annuitants so it is received by them on or before Monday, February 2, 2015 (January 31 is usually the deadline but we get a few more days because it’s a Saturday this year).

1099-R

1 minute read

1099-R Tax Forms Submission Deadlines

Published by Dyke Tilt on March 5, 2012

If filing fewer than 250 1099-Rs per organization tax ID number, you may submit Copy A of the paper form or file electronically with the IRS. If filing 250 or more, you must submit 1099-R information to the IRS electronically. Please note the IRS accepts only paper or electronic filing for information returns.

1099-R, IRS filing deadlines, electronic submission