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Reporting responsibility for Zelle payments

September 1, 2022
September 1, 2022


Q. We pay our contractors via Zelle, and have historically reported their payments over $600.00 on a 1099-NEC (or 1099-MISC in prior years). We do not transmit their tax details (mailing address, TIN) to Zelle, as they only facilitate the payment on our behalf. Will Zelle be issuing the contractors a 1099-K, or are we still responsible for issuing a 1099-NEC? A. (Answered by IOFM's third-party tax experts) Your organization is still responsible for Form 1099-NEC reporting.  Zelle is an…

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