Manage U.S. Tax Forms 

If you hire and pay talent through Lifted, you may be wondering what tax reporting responsibilities apply to your organization.

Here’s how U.S. tax reporting works when payments are processed through Lifted.

Do you need to file 1099 forms?

No. If you pay independent contractor talent through Lifted, you do not need to file Form 1099-NEC or Form 1099-MISC for those payments.

Because payments are processed through Lifted, you are not considered the direct issuer of payment for 1099 reporting purposes. Lifted handles required reporting based on IRS guidelines. When applicable, Lifted files Form 1099-K directly with the IRS and provides it to eligible talent who meet reporting thresholds.

If you have questions about your specific tax obligations, a qualified tax advisor can help you evaluate your situation.

What if talent is engaged through payroll?

If talent is engaged through a payroll or employer-of-record service, that provider is responsible for:

• Withholding applicable taxes

• Issuing Form W-2

• Managing required employment tax reporting

In this case, the talent is treated as an employee of the payroll provider, not your company.