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How to Set Company Tax Filing Info

Last Updated:
December 28, 2016

Let’s walk through how to set up your company’s tax filing information in Payable:

  1. View the Taxes Page
  2. Set your country and business type
  3. Confirm your company's information
  4. Complete company contact information
  5. ‍Select which forms you want automatically generated
  6. Continue steps for 1099-MISC or 1099-K

1. View the Taxes Page

Once you’ve signed into Payable, head to the Taxes page where you can find the “Set Up Tax Forms” button. This is the start of the process. Go ahead and click!

Taxes Page

2. Set your country and business type

Next, if you haven’t set these already,  you will need to select your company’s country and the type of business (Individual, LLC, etc...)

Set country and business type

3. Confirm your company’s information

In this part, you must fill in additional company information. It’s important that this information is accurate because this will be reported to the IRS on all your 1099 tax forms. The required fields cover:

  • Registered business name
  • Employer identification number
  • Company Address
Confirm your company information

4. Complete company contact information

Here you’ll need to provide you company telephone number and an email address. This information is essential for 1099 form generation. This is the email and phone number that 1099 form recipients can use to contact you if any errors or issues arise with their forms. We strive to provide access to support and additional resources for the most common 1099 tax questions for both companies and recipients. But in the case that there are any errors on 1099 forms, recipients must be able to contact you directly.

Complete Company Info

5. Select which forms you want automatically generated

In this step, you need to select which type of form you’d like to generate for recipients, either the 1099-K or the 1099-MISC. If you need to generate both forms, you can add forms of either type manually.

Select Form Type

The following steps are different depending on whether you select a 1099-MISC or 1099-K to be generated using your data.

6. Continue steps for:

          - 1099-MISC

          - 1099-K

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