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Zelle and PayPal payments

May 13, 2021
May 13, 2021

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Q. If we issue payments to consultants and speakers through Zelle or PayPal, who is responsible for the issuance of the 1099? A. (Answered by a 3rd party, independent advisory services firm offering experienced and practical help for tax regulatory compliance for Forms W-9, W-8, W-2, 1099, 1098, 5498, 945, 1042, 1042-S, and state reporting.) Payments through PayPal are the information reporting responsibility of PayPal, which is a payment settlement organization which files Forms 1099-K to the…

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