In accordance with United States tax laws, L&E Research is required to send Tax Form 1099 to anyone who has reached or exceeded the $600 claimed (not earned) honorarium remuneration threshold per calendar year. “Claimed” means you clicked claim and received the Virtual Incentive code.
To ensure compliance with United States tax laws, We will require a completed W-9 form as soon as a respondent attempts to claim over $600 within a calendar year. Once you reach this threshold and try to claim, you should see a W-9 pop up before it will give you your honoraria/remuneration.
If you did not claim $600 or more within the calendar year but completed the W-9 form, you will NOT receive a 1099 and therefore would not need to claim the L&E Research remuneration on your taxes.
Beginning in October 2022, When claiming your gift cards through our Incentive Company Tremendous, you will automatically see a W-9 window pop up when applicable. All you need to do is complete the form, and you will be able to collect your gift card after completing.
Please note any information you enter into the Tremendous site is encrypted and secured and is not shared with any 3rd party companies. This is strictly to ensure we are in compliance with IRS guidelines.
**Prior to October 2022, if you exceed the $600 incentives, you’ll receive an email from Tax1099.com on behalf of L&E Research to complete.
Please see below for example of screens you’ll receive:
2. You will receive this screen if you’ve exceeded $600 in incentive payouts:
3. The W-9 form auto opens, you’ll submit your information online, auto sign below and click submit:
4. Once you submit your W-9, you’ll then receive the regular screen to choose your payment option as normal. You will NOT be allowed to proceed to this screen to receive your incentive until you’ve submitted their online W9 form.
For issues, please contact: email@example.com
Need a visual? Here is a video explaining how it works! Click Here