Changeset - 642a4ed7b9f2
[Not reviewed]
0 1 0
Bradley Kuhn (bkuhn) - 7 years ago 2017-08-21 03:12:13
bkuhn@ebb.org
TaxImplication: improve wording on what W2 means

W2 really means it's income reportable as USA federal income by an
employee on their W2.
1 file changed with 3 insertions and 3 deletions:
0 comments (0 inline, 0 general)
npo-ledger-cli-tutorial.md
Show inline comments
...
 
@@ -322,27 +322,27 @@ The `TaxImplication:` tag is used for all `Asset:` accounts when the
 
transaction includes a payment of $10.00 or more leaving the account.  This
 
tag catalogs any tax implications that might occur on outgoing funds.
 

	
 
The most important USA-related issue tracked by this tag are contractors who
 
must have annual 1099 and/or W2 issued.  An [`Entity:` tag](entity-tag) should always
 
go along with a TaxImplication tag.
 

	
 
The possible values for this field are:
 

	
 
* `1099`, indicating the amount paid requires issuance of a USA Federal Form
 
  1099 for the `Entity` involved.
 

	
 
* `W2`, indicating the amount paid will be part of a USA Federal Form W2
 
  report for the `Entity` involved.
 
  
 
* `W2`, indicating the amount paid will be part of a USA Federal income, as
 
  reported on Form W2 report for the `Entity` involved.
 

	
 
* `Accountant-Advises-No-1099`, indicating that the circumstances and rules
 
  seem to indicate a USA Federal Form 1099 should be issued for the `Entity`
 
  involved, but an outside accountant advised that no 1099 need be issues for
 
  this `Entity`.
 

	
 
* `Bank-Transfer`, indicating that the amount is a transfer between two
 
  banking accounts under the control of the NPO itself.
 

	
 
* `Foreign-Individual-Contractor`, indicating that the NPO has established
 
  that the `Entity` is a contractor residing outside the USA who is not a USA
 
  citizen and does not for any reason pay taxes in the USA.
 

	
0 comments (0 inline, 0 general)