Will I Receive a 1099-MISC Form for Intel® Partner Alliance Points Redemptions?
Content Type: Product Information & Documentation | Article ID: 000093937 | Last Reviewed: 02/10/2025
Intel may be required to submit a 1099-MISC for partners based in the United States
Points can be redeemed for distributor vouchers, gift cards, and other items. Often, these are considered cash equivalent items and must be reported as taxable income if the value is more than $600 in a single tax year. Intel must submit an informational return to the Internal Revenue Service (IRS) to disclose the payments. This form is called Form 1099-MISC.
Why was the 1099 sent to me and not to my company?
When submitting the 1099 form, Intel uses the Tax Identification Number (TIN) we have on file for the account. In some situations, we have an individual's Social Security number on file instead of a corporate Tax Identification Number. This could occur during the program registration process, as our system accepts both and SSN or a TIN when a new company first enrolls in the program.
We recommend customers visit this page and submit an updated W-9.
Why did I receive a letter asking for an updated W-9 form?
In some cases, the Tax ID number Intel has on file does not match the number recorded with the Internal Revenue Service. In these cases, the IRS requires Intel to send a letter requesting an updated/corrected W-9 form.
The W-9 is a tax form that is used to confirm an entity’s/ individual’s name, address, and taxpayer identification number (TIN) for employment or other income-generating purposes.
If you have received this letter, visit this page and submit an updated W-9. The Tax ID number on the W-9 should match the Tax ID number previously filed with the IRS.
Exceptions:
Some payments do not have to be reported on Form 1099-MISC, although they may be taxable to the recipient.
Payments for which a Form 1099-MISC is not required include the following:
More information can be found on the Internal Revenue Service website.