Will I receive a 1099 form for my profit?

Yes, if you meet the IRS threshold. We will issue 1099-NEC forms at the end of each fiscal year to any client who has earned $600 or more in total commissions during that year.

Here is how the process works depending on your status:

• If you meet the $600 threshold: You will receive an email from MOQ1 requesting a completed W-9 form so we can accurately prepare your year-end tax documents.
• If we already have your W-9 on file: You’re all set! We will use the information we already have and will not reach out to you for anything new.
• If your information has changed: If you need to update a W-9 we already have on file (due to a change in address, business name, or tax ID), please send the updated form directly to your Account Manager.

You can submit your W-9 to your account manager at any point in the year to ensure we have it on file.