What is a 1099 Form and how often should I receive one?
1099 Forms are used to annually report royalty, production and rental payments. Forms are mailed by January 31 of each year to people who meet the reporting requirements established by the Internal Revenue Service (IRS).
If I have questions about my 1099 Form, who can I call?
If you have questions regarding your 1099 Form, please contact us at 1-866-566-4747.
Why do you need my Taxpayer Identification Number?
U. S. Federal Tax Law requires us to have your Taxpayer Identification Number (TIN) on file when making payments to you. Please provide us with this information on the W-9 form. If you fail to furnish this information, we are required to begin backup withholding on all payments.
What is my Tax Identification Number?
If you are an individual, your Tax Identification Number (TIN) is your Social Security Number. Your name, as shown on your social security card, must be filled out on the first line of form W-9 and must be the name that correlates with the Social Security Number in Part 1 of this form.
If you are a sole proprietor (some LLCs may apply), your social security number is the TIN entered on form W-9, your name must appear on form W-9 first, with your business name being a DBA. (Example: SS# 000-00-0000 John d.b.a. John's Land Service).
If your business has its own TIN number, the business name will be entered and the employer Identification Number will be filled out accordingly.
If you are a partnership (some LLCs may apply), the name entered on form W-9 must be the partnership name the IRS has on file. The TIN of the partnership must be filled out in the Employer Identification Number box and correlate to the name provided on the first line of form W-9.
If you are a corporation, tax-exempt organization, government agency, or other exempt payee, we do not have to file an annual Information Return, Form 1099 Misc. for you.
How do I obtain a form W-9 to complete?
Please click on the form W-9 and follow the instructions. If you would like us to mail you a form W-9, please call 1-866-566-4747.
