mnagement company reporting
FORM 990 QUESTION: Does the management company (as the NPO's top mgmt official) get reported in Part VII as an officer and report 1099-misc compensation in column D?
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Mimbreno
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07/31/09 5:21pm PDT
This section is asking you to identify specific employees and also the officers and directors of the corporation. The management company does not fiit the definition of an employee, officer, or director. So, I say no, do not include them in Part VII of form 990..
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sjrcpa
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08/03/09 9:51am PDT
On the "new" 990 the top management official, whether an individual or organization, is to be reported in Part VII. Their 1099 compensation goes in Col D.
The more I know, the more I don't know.
11/11/09 6:05am PST
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sjrcpa is correct. The new form defines as an officer any individual or entity that serves as the CEO, or top management official, so the company must be reported.
