GTO 2000 will not be mailing 1099’s
Published Sunday, January 1, 2012
by Accounts Payable
There is a general exception from the requirement to file I.R.S. 1099 forms for payments made for freight services, and it remains unchanged by recent legislation.
See 26 CFR 1.6041-3(c). This exception applies regardless of whether or not the carrier is incorporated. The I.R.S. clarified this point in a June 17, 1999 memorandum. See I.R.S. Letter Ruling 199932048, available at http://www.irs.gov/pub/irs-wd/9932048.pdf. This exception is further reflected in the current I.R.S. Trucking Industry Overview, which contains a note on “Forms 1099” in the section on “Significant Law and Important Issues” stating that “[p]ayments to truck owner-operators may be excepted as ‘freight’.” The I.R.S. Trucking Industry Overview is available online at http://www.irs.gov/businesses/article/0,,id=176043,00.html#10.
However, this does not mean that we will not provide one to you if requested. Please make all requests for 1099’s via fax 770-287-7878 or email firstname.lastname@example.org. Please include your company name, MC number, and a valid fax number or email address to which to send it. This change in procedure will save GTO 2000 time, money and effort taken away from more important issues such as paying our carriers.