1099 Classification Options in FINET
Org Type 1099 Classification in FINET SSN / EIN 1099 Reportable
Individual | Individual | SSN | Yes |
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 |
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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 |
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Company | Sole Prop/Small Business | EIN | Yes |
Don't Use | Federal Government |
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Don't Use | Resident Alien |
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Don't Use | Foreign Partnerships |
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Don't Use | Nonwithhold Foreign Part. |
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Don't Use | Nonqualified Intermediary |
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Don't Use | Qualified Intermediary |
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Don't Use | Withholding Foreign Part. |
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Don't Use | Withholding Foreign Trust |
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Don't Use | Dual Status Alien |
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Don't Use | Married to US Citizen |
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Don't Use | Resident of US Poss |
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Don't Use | Foreign PVT. Foundation |
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Don't Use | US Branches of Fgn Pers. |
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Don't Use | Beneficial Owners |
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