I wanted to respond to the questions revolving around tax responsibility of roadtest products. This past week, we enquired again with our Director of Finance about this issue. The answer is based upon how roadtests are defined in our Terms and Conditions.
A roadtest was set up as a contest. The applicants who are selected to receive the roadtest products are called "winners." The products themselves are called "prizes." Since it is a prize, the U.S 1099 rule applies. If you are a U.S. roadtest participant, the 1099 rule says for prizes that are valued at $660, you will be required to complete an W-9 form and the company will issue you a 1099 form, as income, at the end of the year.
If you are not a U.S. participant, it would be up to the individual recipient to determine what the rules are for their country of residence. Newark US cannot dictate or recommend what their tax requirements would be for their respective countries."
I hope this clears things up. Sorry for any confusion it created.
I wanted to respond to the questions revolving around tax responsibility of roadtest products. This past week, we enquired again with our Director of Finance about this issue. The answer is based upon how roadtests are defined in our Terms and Conditions.
A roadtest was set up as a contest. The applicants who are selected to receive the roadtest products are called "winners." The products themselves are called "prizes." Since it is a prize, the U.S 1099 rule applies. If you are a U.S. roadtest participant, the 1099 rule says for prizes that are valued at $660, you will be required to complete an W-9 form and the company will issue you a 1099 form, as income, at the end of the year.
If you are not a U.S. participant, it would be up to the individual recipient to determine what the rules are for their country of residence. Newark US cannot dictate or recommend what their tax requirements would be for their respective countries."
I hope this clears things up. Sorry for any confusion it created.
