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Frequently Asked Questions

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How do I file taxes for payments made through Willa (W9, 1099)?

One of the many advantages of paying your freelancers through Willa is that you should not be required to file U.S. tax forms (W-2, 1099-MISC, etc.) for those freelancers. You should determine proper classification of all of your U.S.-based freelancers based on IRS guidelines and other federal, state, and local regulations.

If you classify your freelancer as an independent contractor, you don’t need to file a Form 1099-MISC for your payments to them through Willa. While all freelancers submit their information for Form W-9 (U.S.-based) or Form W-8BEN (international) to Willa, Willa doesn’t send freelancers Form 1099-MISC, either. We do file a Form 1099-K when applicable (to freelancers who are U.S. Persons and receive over $20,000 with more than 200 transactions through Willa).

W9 Form

For your records, you can request W9 forms by emailing us.

N.B. These forms are only for informational purposes and for your records. No action is required on your part regarding filing tax forms.

Why don’t I have to send a 1099-MISC?

Under the Internal Revenue Code Section 6050W, you don’t need to file Form 1099-MISC for freelancers paid through Willa because you’re not paying your freelancer directly.

When you pay your freelancer through Willa, you actually pay Willa Inc., which is our subsidiary. Willa Inc. acts as a “third party settlement organization” under Section 6050W. This means we (not you) are required to report the payments we remit to your freelancer to the Internal Revenue Service (IRS) on Form 1099-K, in accordance with IRS regulations.

Even if your freelancer does not receive enough payments for Willa to file a Form 1099-K for them, you still don’t file a 1099-MISC because you’re actually paying a “third party settlement organization” rather than your freelancer.

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Should Willa be treated as my vendor?

No.

Willa Inc. has purchased your vendor's invoice. They remain your vendor. We do not represent our customers in any shape or form.

As such, your vendor remains an independent contractor doing work for you.

1. Leave your vendor name, categorization, contact information etc as is

2. Update their payment instructions according to the information found on the invoice you receive from us

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What is Willa?

Willa is an invoicing service for creative freelancers. Willa Inc. has purchased the invoice from our user, which is commonly known as invoice factoring.

As such we manage the receivables for our users, with a financial right over the factored invoices.

We do not represent our users in any other shape or form. Our users remain independent contractors doing work for you.

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How do I process the payment?

Your vendor is using Willa to handle their account receivables. Willa Inc. has purchased your vendor’s invoice.

All payments to your vendor should be made to their Willa account using one of our payment options.

N.B.: The payment recipient is Willa Inc.

ACH/EFT/Wire Transfer

Lakeside Bank

141 W Jackson Blvd, Ste 130A

Chicago, IL 60604ABA

Routing: Found on your invoice

Account #: Found on your invoice

Swift Code: LBANUS44

Credit: Willa Inc.

Send Check to

Willa Inc.

263 Shuman Blvd, Ste 145

Naperville, IL 60563

Please provide invoice number as memo, e.g. INV-xxxxx

PayPal

paypal@willapay.com

Pay by Card

A link to pay by card is provided with the invoice you receive from us.