Tuesday, December 29, 2020

Tax Information for U.S. and Canadian Dealers

Commissions are considered income and are reported on form 1099-NEC (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 2020 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 Jan. 1 and Dec. 31, 2020.


AMSOIL will mail all 1099 forms by Jan. 31, 2021, and T4A forms by no later than Feb. 28, 2021. Please allow at least two weeks delivery time before calling for a replacement form. 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.


Account Services Contact Information

Fax: (715) 395-5332

Direct Phone Line: (715) 399-6348