GoDaddy Tax Forms
Each year, GoDaddy sends a 1099-K tax form to merchants who meet qualifications. The account has a U.S. address. The company received over $20,000 in gross payments in 2021. To get the 1099-MISC form from GoDaddy, the address must be up-to-date by January. GoDaddy Bookkeeping does not handle inventory. Only include sold goods’ Cost of Goods (COG), not unsold inventory’s COG. GoDaddy Ecommerce Plan costs $24.99 per month. To check 1099-K against records, select income tab and dates. Choose payment processor and sales category. GoDaddy apps let you add transactions on-the-go. They auto-sync so you stay updated. To add Cost of Goods Sold, click the Expense tab and then the "+Add Transaction" button. If self-employed and provided over $600 in services, may have received a 1099-NEC. Send 1099-MISC to resellers who meet qualifications. Reseller account is a U.S. resident. Account type is Individual. W-9 form was completed.
Reseller Tax Forms and Requirements
The 1099-K summarizes payment card transactions. GoDaddy sends it to merchants who meet qualifications. Account has a U.S. address and over $20,000 in gross payments. Over 200 transactions were processed. If requirements were not met, a 1099-K isn’t required. File appropriate tax classification. We send a 1099-NEC to resellers who meet qualifications. Over $600 was received in payouts from GoDaddy. Payment history shows eligible payments. W-9 form was completed.
Tax Forms and Requirements for Different Platforms
Shopify does not send a 1099 form. As a platform, it does not access financial data or report income to the IRS. Business owners must track earnings and report them. If paid through UpWork, you must file a 1099 form. It reports unwithheld income like self-employment and rent. Even UpWork payments require a 1099.
To edit your GoDaddy calendar, log in and hover over "My Products." Select "Websites + Marketing." Scroll down and click "Manage" next to your site.
Sole proprietor LLCs may get a 1099-MISC. The company can file it for them. Collect recipient W-9s first. Use a service to collect W-9s online and email 1099s. Just need payer info and recipient emails. It’s cheap, only $9 for up to 25 W-9s. Payment history shows eligible payments. W-9 form was completed.