Why did I receive two different 1099s?

If you updated your tax ID at any point during the year (by submitting a new W-9 in your dashboard), you may receive separate 1099s for payments before and after the new W-9 was submitted.

For example, if you formed an LLC and submitted a new W-9 with a new tax ID number on May 1, you may receive one 1099 for January–April payments and another 1099 for May–December payments.

Note: If you make a change that affects whether or not you are eligible to receive a 1099 (such as switching to Paypal for payments or changing your business structure to a corporation), then your 1099 will only reflect your payments for the part of the year during which you were eligible to receive a 1099. It is your responsibility to file taxes within the requirements set by law.
Was this article helpful?
0 out of 0 found this helpful
Have more questions? Send a message

Want to join AdThrive? Apply here!