Taxes, W-9s, and 1099s for owners
All owners who earn more than $20,000 from Twisted Road (or any other source, like Lyft, Uber, or freelance income) must report this to the IRS. To facilitate this, we are going to send you a 1099 in the beginning of the year if you meet this threshold.
To prepare for this, we are requiring W-9's be prepared by all owners. This can be done right in your dashboard at this link.
For more information on these tax changes you can visit this site.
Also, we are not accountants or tax specialists, so if you have additional questions we suggest you contact a tax specialist in your area.