6050W and Farmers Markets Electronic Payment Reporting Requirements
A webinar hosted by FMC and the Michigan Farmers Market Association in October of 2011.The presentation explains the background of IRS 6050W and what electronic payment reporting requirements can mean for your farmers market. Presenters include Amanda Segar of the Michigan Farmers Market Association, Erin McQuire, Legislative Assistant for U.S. Representative Chellie Pingree, and Stacy Miller of the Farmers Market Coalition. Best practices for scrip recordkeeping are highlighted. If unsure about your reporting obligations, please consult with a professional tax advisor.
- Webinar powerpoint slides (PDF)
- Webinar handout, IRS 6050W Electronic Reporting Requirements: Important Information for Farmers Markets
Farmers Market Coalition
Erin McGuire, Amanda Segar, Stacy Miller