All Schools
CDSP files an annual group tax return for all PTOs 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 also required to file 1099s with the IRS each year. 1099s must be issued for any service vendor paid over $600 in the calendar year to any individual or partnership (corporations are exempt). These must be mailed by January 31st. During the year, it is necessary to obtain a W-9 (Request for Taxpayer Identification Number and Certification) from each of these vendors. This will provide the tax information needed to fill out the 1099. It is best to request the W-9 before paying any invoices.