What is a TIN?
What is a TIN?
Your TIN is your Taxpayer Identification Number.
If your business entity type is Individual, your TIN is your Social Security Number (SSN)
If your business entity type is Sole Proprietor or LLC-Partnership-Corp, your TIN is your Employer Identification Number (EIN)
📚 Tip
Not sure of your business entity type? Check out this article.
Should I still report my income from HoneyBook if you aren’t sending me a 1099-K or 1099-NEC?
Should I still report my income from HoneyBook if you aren’t sending me a 1099-K or 1099-NEC?
If you do not meet tax reporting thresholds, we will not be sending you any tax forms and will not report anything to the IRS. Although we do not report these earnings to the IRS, you should still report any funds received through HoneyBook. That said, we're not tax advisors and you should seek the advice of a tax consultant.
What do I need to file my taxes?
What do I need to file my taxes?
As a first step, consider checking out this DIY tax filing checklist resource.
Can you help me with filing my taxes?
Can you help me with filing my taxes?
While HoneyBook wants to help out all of our members, HoneyBook doesn't provide tax advising. You will need to reach out to a tax professional for your questions or concerns.
🔥 Stop
The payment amount reported on the 1099 you receive from HoneyBook will not be adjusted for any fees, credits, refunds, shipping costs, or discounts you've granted in 2023. It will report your gross payment amount—you must deduct these adjustments yourself.
Is sales tax included on the 1099-K form?
Is sales tax included on the 1099-K form?
The 1099-K form represents the total amount of payments processed through a platform, so it would include any sales tax included in a transaction.
Still have questions? Feel free to send us a message by clicking the Question Mark icon on any HoneyBook page. Our team is always happy to help!