Frequently Asked Questions about 1099 Forms with Linguabee

What is a 1099 form?

A 1099 form is a tax document used to report various types of income you receive throughout the year as an independent contractor, including but not limited to prep time, interpreting, and travel time. 

Who receives a 1099 form?

All service providers and vendors providing services through Linguabee (and other companies) will receive a 1099 electronically. 

How do I receive a copy of my 1099 in the mail?

Contact Linguabee to request a physical copy of the 1099. 

When are 1099 forms issued?

Businesses and institutions, including Linguabee, are required to send out 1099 forms to recipients by January 31st each year. This gives recipients enough time to file their taxes before the April 15th deadline.

I have not received a copy of my 1099 through Linguabee. What should I do?

There should be an electronic copy from Linguabee through Track1099, a third-party 1099 provider, that issues 1099s. Please contact Linguabee at support@linguabee.com if a 1099 hasn’t been received. 

How do I request a physical copy of the 1099? 

Send a message to support@linguabee.com to request a physical copy of the 1099. 

What should I do if there is an error on my 1099 form?

If there is an error on your 1099 form, contact Linguabee immediately and request a corrected form. Accurate information when filing your taxes is crucial to avoid discrepancies with the IRS.

What should I do if the information for my 1099 has changed? 

Contact Linguabee immediately with a new 1099 form Accurate information when filing your taxes is crucial to avoid discrepancies with the IRS.

Is there a minimum amount I must earn to receive a 1099 form?

Generally, if you earn $600 or more through Linguabee, you will receive a 1099 form no later than Jan 31st, 2024. 

What is and is not reported as nonemployee compensation on my 1099? 

• Prep and Travel Time: Yes, any prep and travel time billed as part of your service provision and paid by Linguabee is accounted for in nonemployee compensation on your 1099 form.
• Stipends: Yes, any stipends paid by Linguabee to a service provider are included as nonemployee compensation on your 1099 form.
• Reimbursements: No, any expenses you've submitted to Linguabee for reimbursement and which have been reimbursed are not included as nonemployee compensation on your 1099.

Where can I get more information about 1099 forms and tax regulations?

For detailed information about 1099 forms and tax regulations, visit the official website of the Internal Revenue Service (IRS) at www.irs.gov. Consulting a tax professional can also provide personalized guidance based on your specific situation.

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Please note that while this FAQ provides general information, consulting with a tax professional or the IRS for specific and personalized advice regarding your tax-related concerns is essential.