Summary: Learn how VPM Solutions and Stripe handle 1099 tax forms for U.S.-based Virtual Team Members so your business remains compliant.
When Working with U.S.-Based Remote Team Members
No, you do not need to issue a 1099 form yourself when working with U.S.-based Remote Team Members (RTMs) through VPM Solutions.
How 1099 Forms Are Handled
VPM Solutions uses Stripe as its payment processor. All payments to RTMs are made through Stripe on our platform. Because of this:
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Stripe is responsible for generating and filing the appropriate 1099 forms.
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These forms are issued to eligible U.S.-based RTMs who meet IRS reporting thresholds.
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Currently, this means earning $600 or more in a calendar year (subject to IRS changes).
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1099 forms are typically available by January 31st of the following year, in line with IRS deadlines.
Why This Matters
This process ensures compliance without added effort on your part:
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You do not need to track or report payments to RTMs.
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You are not responsible for issuing or filing 1099 forms.
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Your business stays compliant while focusing on growth.