Friday, January 1, 2010

Tax Information for U.S. Dealers

Commissions are considered income by the IRS code and are reported on a form 1099 Misc. 

• Your 1099 form only reflects commissions earned during the calendar year.  It does not include any deductions or credits from your check.
• You will only receive a 1099 form if your commission checks totaled more than $600 in 2009.
• Your 1099 income is determined by the dates of the commission checks issued to you between January 1 and December 31, 2009.  This will essentially be December 2008 through November 2009 commissions.
• AMSOIL will mail all 1099 forms by January 31, 2010.  Please allow two weeks delivery time before calling for a replacement form.
• AMSOIL is not qualified to provide and does not offer any tax advice.  Please consult a tax advisor.

In the event you feel there is an error on your 1099 form, gather your check stubs and call the accounting department at 715-399-6348.

If you sold your business to another Dealer, or took over for someone else, and you receive a 1099 form made out to you, gather all documentation regarding the date the change took place.  Fax documentation to AMSOIL at 715-395-5332 or e-mail to[email protected].

Account Services Contact Information
Fax:  (715) 395-5332
Direct Phone Line:  (715) 399-6348
E-mail:  [email protected]