Prerequisites for Issuing 1099 Forms

There are two prerequisites before one can issue 1099 forms for an Individual.

  1. You must ensure the recipient's information is up to date and contains all the information needed for each 1099 form.
  2. You must collect the payer's information.

Below we outline how to do this with the Users and Payer API resources for the Recipient (UserUser - A single end-user of your application. Each user has a unique userId, which should be stored in your database and used to make API requests on behalf of this individual.) and PayerPayer - An entity that makes payments for: services performed by independent contractors (1099-NEC), interest on a business debt (1099-INT), and payment card transactions settled on behalf of merchants (1099-K)., respectively.

Collecting Recipient Information

If this is your first time interacting with the Form 1099 Recipient (UserUser - A single end-user of your application. Each user has a unique userId, which should be stored in your database and used to make API requests on behalf of this individual.) you can create a new User by using the POST /users API endpoint and passing in the relevant information. If you have already done this, make sure that the user's information is correct and you have the resulting userId handy when issuing the 1099 form.

If you need to update the user's information use the PUT /users/{userId} endpoint.

Collecting Payer Information

If this your first time registering a PayerPayer - An entity that makes payments for: services performed by independent contractors (1099-NEC), interest on a business debt (1099-INT), and payment card transactions settled on behalf of merchants (1099-K)., you can do this by creating a new Payer API endpoint and passing in the relevant information. make sure that the payer's information is correct and you have the resulting payerId handy when issuing the 1099 form.

If you need to update the user's information use the PUT /payers/{payerId} endpoint.

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Deadlines for Filing with Abound

Please make sure you are aware of Abound's dates and deadlines for filing


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