1099 Classification Options in FINET

1099 Classification Options in FINET


        Org Type             1099 Classification in FINET               SSN / EIN       1099 Reportable
Individual
Individual 
 SSNYes
Company
Individual
EIN
Yes
Company
Partnership
EIN
Yes
Company
Corporation
EIN
Yes
Individual
Nonresident Alien
Green Card
Yes
Individual
Trust
SSN
Yes
Company
Foreign Business Entity
Foreign TIN W8
No
Company
State Government
EIN
No
Company
Other Government
EIN
No
Don't use
Other


Company
Joint Venture
EIN
No/*Yes
Company
Other Non-Profit Org
EIN
No
Individual
Employee
No TIN
No
Company
Estate
EIN
Yes
Company
Local Government
EIN
No
Company
LLC Filing as a Partner
EIN
Yes
Company
LLC Filing as Corp
EIN
No
Company
LLC Filing as Sole Prop
EIN
Yes
Company
Church/Religious Org
EIN
No
Don't Use
Personal Service Corp


Company
Sole Prop/Small BusinessEINYes
Don't Use
Federal Government


Don't Use
Resident Alien


Don't Use
Foreign Partnerships


Don't Use
Nonwithhold Foreign Part.


Don't Use
Nonqualified Intermediary


Don't Use
Qualified Intermediary


Don't Use
Withholding Foreign Part.


Don't Use
Withholding Foreign Trust


Don't Use
Dual Status Alien


Don't Use
Married to US Citizen


Don't Use
Resident of US Poss


Don't Use
Foreign PVT. Foundation


Don't Use
US Branches of Fgn Pers.


Don't Use
Beneficial Owners






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