Yes! When you staff your event with athletic trainers through Go4Ellis, you no longer have to deal with issuing 1099s to athletic trainers at the end of the year.
Go4Ellis partners with Stripe, and as a Payment Settlement Entity under IRS rules, Stripe and Go4Ellis handle the issuance of 1099s to the athletic trainers that work on our platform.
What’s a Payment Settlement Entity? Here is the IRS definition:
A payment settlement entity (PSE) must file Form 1099-K, Payment Card and Third Party Network Transactions, for payments made in settlement of reportable payment transactions for each calendar year. A PSE makes a payment in settlement of a reportable payment transaction, that is, any payment card or third party network transaction, if the PSE submits the instruction to transfer funds to the account of the participating payee to settle the reportable payment transaction.