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GrowthZone has issued 1099-Ks to organizations that have met the threshold of processing $5,000 in gross transactions for the 2024 calendar year. Customers will receive the 1099K form via U.S. Mail and by email if an email was provided during the set-up of the gateway. If you receive the email, accessing your forms electronically is fully optional and will come from EFile4biz and is a legitimate email. This 1099K should be provided to your tax advisor.
FAQ Questions
- What if I did not receive the form?
- Customers who feel they have met the requirements but did not receive a form can email [email protected] to request one.
- What if it was sent to the wrong person?
- Customers can email [email protected] with requests for changes. GrowthZone may call the organizational number to confirm the change. Regardless of the contact person, the information is for the organization and can be used for tax purposes.
- How do we update who gets the form?
- Customers can email [email protected] with requests for changes. GrowthZone may call the organizational number to confirm the change.
- What happens if this is reported under my social?
- Customers can email [email protected] with requests for changes. GrowthZone may call the organizational number to confirm the change.
- Why is my business's name truncated/look different?
- There is a limit on the number of characters that can be available, so the name of your business name may be shortened. You can rely on the EIN or SSN of the business.
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Will I be charged for updating my 1099?
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If the correction is being made on the 1099-K because of incorrect data entered by the customer, then GZ expects customers to pay the cost for the corrected 1099. GZ paid the cost for the original filing, so the corrections will be covered by the customer. The cost varies based upon the type of correction needed.
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