Tax PoliciesAll Schools
CDSP files an annual group tax return three to six months after the school year ends. PTOs are required to provide financial and other relevant information for the return.
CDSP and PTOs are required to file 1099s with the IRS each year. They are based on a calendar year and must be mailed by January 31st to any individual or partnership to which was paid more that $600 for services during the previous calendar year. During the year, it is necessary to obtain a W-9 from each of these vendors. This will provide their tax information. It is best to request this before paying any invoices.