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Will I receive more than one 1099-K Form?

You will receive one 1099-K for each entity that is set up within the PayLease system. It will include all payment types, including credit card, ACH/eCheck, Cash Pay, Check21, PayPal, etc.  

If you would like to receive multiple 1099-Ks (per bank account, for example), then PayLease needs to have the correct documentation including: (1) W-9 including Tax ID, (2) Legal Entity Name, and (3) Bank account(s) tied to the Tax ID from W-9 for each entity requesting a report.

 

Disclaimer:  Information in this document does not constitute tax, legal, or other professional advice and must not be used as such.  Please contact your tax, legal, or other professional advisor for assistance.

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