Survey.com will not send you a 1099-MISC.
You might receive a 1099-K from the third party (PayPal) from whom you received payments. Whether you do or don't depends on your personal circumstances and the third party's specific policies.
Either way, you are responsible for reporting the income you made by completing visits on behalf of Survey.com on your tax return.
For the details, please read the official answer from our legal team below.
If you have questions, email email@example.com.
How To Figure Out Your Income
Your complete income history can be found in the Payment Center in the Merchandiser and Retail apps. Use the amounts from your Payment History when you file your taxes.
Here's how to get the the Payment History:
- Open the Menu panel by tapping the top-left icon
- Select Payment Center
- Your payments are found in the Payment History and broken down by month
The responsibility for providing IRS Form 1099 informational returns with respect to payments made to a payee via a third-party payment network (such as but not limited to PayPal) lies with that third-party payment network.
According to Department of Treasury regulations, the recipient of the goods or services that such third-party payment network is making the payment on behalf of is relieved of any obligation to file an IRS Form 1099-MISC with respect to such payments.
Therefore, Survey.com will not be issuing IRS Form 1099-MISCs to payees in respect of income from services facilitated between the payee and Survey.com's clients.
Third-party payment networks must generally provide informational returns on IRS Form 1099-K setting forth the gross amount of payments made to a payee during the course of a calendar year.
However, third-party payment networks are only obligated to report such payment transactions on an IRS Form 1099-K with respect to payees who (i) receive gross payments in excess of $20,000 in a calendar year from such third-party payment network and (ii) receive such payments over the course of more than 200 transactions. You can read more about PayPal's policy on issuing 1099-k's here: https://paypal.com/webapps/mpp/irs6050w
Whether or not you receive an IRS Form 1099-K with respect to payments you received for the you performed for Survey.com's clients, you are still obligated to include such amounts received in your gross income on your personal tax return.
The above information is based on the current guidance issued by the IRS, and we will seek to inform you if there is any change to such reporting requirements.
NOTE: The information above is based on current IRS guidance. We are not tax experts. Please consult your tax advisor or the IRS if you have further questions.