Monday, February 2, 2015

Tax Information for U.S. and Canadian Dealers

Commissions are considered income and are reported on form 1099 Misc (U.S.) and form T4A (Canada). The 1099 and T4A forms only reflect commissions paid during the calendar year; they do not include any deductions or credits from Dealer checks.

Dealers only receive a form if their commission checks totaled more than $600 in 2014 for U.S. Dealers and more than $500 for Canadian Dealers. Note that T4A forms are issued in Canadian funds. Dealers’ 1099 and T4A income is determined by the dates of the commission checks issued between January 1 and December 31, 2014. This is essentially December 2013 through November 2014 commissions.

AMSOIL mailed all 1099 forms by January 31, 2015, and will mail T4A forms by no later than February 28, 2015. Please allow at least two weeks delivery time before calling for a replacement form. Replacement forms may also be obtained in the Dealer Zone (My Business > Year End Tax Documents). AMSOIL is not qualified to provide, and does not offer, any tax advice. Please consult a tax advisor. Dealers suspecting an error on their 1099 or T4A forms are advised to gather their check stubs and call the accounting department at 715-399-6348.

If a Dealer who sold his or her business to another Dealer, or took over for someone else, receives a 1099 form made out to him or her, he or she is advised to gather all documentation regarding the date the change took place. Fax documentation to AMSOIL at 715-399-6618 or email to [email protected].

Account Services Contact Information
Fax: (715) 395-5332
Direct Phone Line: (715) 399-6348