Where’s my 1099-Misc?
Monday, February 25th, 2013
Don’t worry, it’s not missing! It turns out we didn’t send 1099′s this year. You’ll either got one from PayPal already or can look up your 2012 payments from your PayPal payment history.
In 2012 the IRS changed their requirements for corporations preparing 1099-Misc forms. Payments made using third parties such as PayPal should now be reported to the payee directly by PayPal with a 1099-K. You can find this form on PayPal by logging into PayPal and navigating to the History > Tax Documents menu.
However, PayPal is only required to prepare a 1099-K in cases where payees meet a threshold of 200 payments and $20,000 per year. The IRS requires that tax payers report miscellaneous income, but if you are paid via PayPal and have not crossed the 1099-K threshold you will not receive a 1099-K from PayPal (or a 1099-Misc from us).
If you don’t get the 1099-K you can still report your earnings – your PayPal account provides a payment history for 2012 payments from VigLink. We are also happy to help if you are unable to access the PayPal information.