Visa 1099 Reporting
The simplest way to meet reporting requirements
Visa 1099 Reporting is designed to help you meet Form 1099-MISC tax reporting requirements faster and more accurately. Take advantage of time-saving customized reporting by type, period, format, output method, and even transaction type. Plus, Visa 1099 Reporting gives you access to seamless online report formats for downloads or knowledge share.
With Visa 1099 Reporting, it's easier than ever to:
- Access supplier information through the Visa Merchant Profile Database.
- Generate reports based on IRS-defined reportable Merchant Category Codes (MCCs).
- Select pre-defined merchant industry segments, such as airline, employment services, and others.
- Choose selection criteria by incorporation types, including individual/sole proprietor, partnership, corporation, and more.
Qualified Payment Card Agent Program
The Qualified Payment Card Agent program can minimize the need for you to solicit Form 1099-MISC information from suppliers, while helping you take advantage of some exceptions from backup withholding requirements, and protecting you from penalties associated with inaccurate Form 1099-MISC reporting.
Visa does not make any warranty or representation as to the completeness or accuracy of this information, nor assume any liability or responsibility that may result from reliance on such information. The information contained herein is not intended as legal or tax advice, and readers are encouraged to seek the advice of a competent tax professional where such advice is required. Even though the information contained herein does not address any significant federal tax issue, is not intended as tax advice, and Visa does not know or have reason to know that any of the information will be used or referred to by other parties in promoting, marketing or recommending any partnership or other entity, investment plan or arrangement, in order to comply with certain U.S. treasury regulations, we inform you that any U.S. federal tax advice contained in this communication, including attachments, was not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding any penalties that may be imposed on such taxpayer by the Internal Revenue Service. In addition, if any such tax advice is used or referred to by other parties in promoting, marketing or recommending any partnership or other entity, investment plan or arrangement, then (i) the advice should be construed as written in connection with the promotion or marketing by others of the transaction(s) or matter(s) addressed in this communication and (ii) the taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
