Do I Need to Send a 1099 to VPM or to My Contractor?

This article clarifies whether your company needs to send a 1099 form to VPM Solutions or to the contractors you’ve hired through the platform, based on IRS guidelines and contractor location.

1. Do I need to send VPM a 1099 at the end of the year?

No, it is not necessary to send VPM Solutions a 1099. VPM is a Limited Liability Company (LLC), not an individual. Just as you would not send a 1099 to your property management software provider, you are not required to send one to VPM.

However, if your company policy requires you to issue 1099s to all vendors—including LLCs—we’re happy to help. Simply let us know, and we will provide our W-9 IRS form, which includes our EIN for your records.

2. Do I need to send a 1099 to my contractor?

This depends on where your contractor lives:

U.S.-Based Contractors:

• Yes, a 1099 is required—but you do not need to send it.

• VPM takes care of issuing 1099s to all U.S.-based contractors on your behalf.

• VPM uses Stripe as the payment processor and pays Stripe to generate and file 1099 forms.

• The 1099 will reflect the total amount paid to the contractor, after deducting any Stripe and VPM platform fees.

Non-U.S. (Foreign) Contractors:

• No 1099 is required. The IRS only requires 1099s for individuals living in the United States.

• Instead, VPM provides an Earnings Report to foreign contractors, which they can download and use for their local tax filing requirements.