Q. How will I receive my AMENDED 1099?
A. You will receive your amended 1099 via regular mail. These were mailed Feb. 2, 2021.
Q. What makes up the amount on my amended 1099?
A. Your amended 1099 is your gross income from Bomb Party. This includes all money transferred
to your bank account PLUS any money put into your E-wallet, including shipping revenue.
Q. Are sales tax and credit card fees included?
A. No. Sales taxes and credit card fees are not included in your amended 1099.
Q. What if I think the total is wrong?
A. Contact customer support at firstname.lastname@example.org.
Q. What do I do with my previous 1099 I already received?
A.This one can be deleted/ignored.
Q. How can I find out how much I spent on inventory in 2020?
A. In your back office, you can pull this report. Go to Inventory > My Orders, change the date
range to 01/01/2020 and 12/31/2020, click the download button at the top left corner and choose CSV
Q. How can I view my customer sales for the year?
A. In your back office, you can pull this report. Go to E-wallet, change the date range to 01/01/2020
and 12/31/2020, and click the Leger CSV button at the top left corner.
Q. I do not have access to my back office, how can I get my expenses information?
A. Email email@example.com and they can pull the information for you.
Q. I received two 1099s and one is all zeros.
A. Don't worry. A new IRS requirement this year is for us to provide two 1099s for anyone who
purchased over $5k in inventory. You should also have a 1099 NEC which will have your correct
amounts and a 1099 MISC which will be blank. No action required from you.
Q. I need additional help. Where can I go?
A. For further information please contact your tax advisor. For additional small business
assistance, you can contact one of the 1,182 Small Business Development Centers (SBDC) across the
United States (which are sponsored by the Small Business Administration (SBA) of the federal
government) by going to https://www.sba.gov/local-assistance. Most services provided by the SBA,
and related SBDCs, are free of charge.