@@ -310,50 +310,50 @@ USA Form 990, the following `IncomeType` values are supported:
* `UBTI`, which refers to "unrelated business taxable income.
Not that donor-advised funds and government grants don't currently have their
own `IncomeType`. It's possible this might be necessary; the authors aren't
familiar with how to handle those items on the Form 990. It would be a
relatively simple change to `config-tags.ledger`, though, to support other
income types, or to change it entirely to handle use-cases other than USA
Form 990 filing.
#### TaxImplication Tag
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.
* `Foreign-Corporation`, indicating that the NPO has established
that the `Entity` is a corporation outside the USA.
* `USA-Corporation`, indicating that the NPO has established that the
`Entity` is an incorporated entity the USA (i.e., "Inc."), and therefore no
1099 is required.
* `USA-501c3`, indicating that the NPO has established that the `Entity`
has federal 501(c)(3) status in the USA, and therefore no 1099 is required.
* `Refund`, indicating that the amount is a refund owed to the `Entity` from