Gig Wage simplifies W-9 collection and 1099 filing, making it easier for contractor-reliant businesses to maintain compliance, whether or not they use our platform to make contractor payments. Best of all, you can implement our services right away.
W-9 information collection and storage
Real-time TIN validation
1099 creation & IRS filing automation
Digital or paper mailed 1099 forms
Support for 1099-K and 1099-NEC
In-app & API integration options
As of Jan 1, 2022, the threshold for 1099-K reporting changes from $20,000 in aggregate payments and 200 transactions to $600 in aggregate payments for payment facilitators.
You may be responsible for filing many more 1099-Ks
Begin to change your process for collecting W-9 information and ensure you can collect W-9 data in advance. Getting this data after payment results in a large administrative burden and can trigger backup withholding obligations. Automating your W-9 process will be important going forward.Learn More About 1099-K Filing HERE
All 1099 compliance is not created equal. Tax laws for Gig Workers vary from state to state. We looked at what was available and realized there was so much more we could do, so we created a resource to make tax compliance that much easier.