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1:58 PM, Apr. 27, 2008
Paying an honorium to a co-op teacher
(view similar articles on Q&A from Homeschool Leaders)
Tawnya B. of Rapid City, SD wrote and asked me:
If our homeschool co-op wants to give someone an honorarium for teaching a class, does that constitute an independent contractor with all of the tax implications?
My answer:
Excellent question! Honorariums are considered income to the recipient. Your organization will have to give the teacher a form 1099MISC if you paid him or her $600 or more in a year. A copy of the 1099MISC form is also filed withe the IRS. If you pay him or her less than $600, there nothing for your organization to report. The recipient is still supposed to report the honorarium income on his or her 1040 tax return as Misc Income.
I hope that helps,
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