You should not be responsible for filing 1099-MISC forms for your freelancer.
One of the benefits of paying your freelancer through Contynt, Inc is that, in general, if your freelancer is correctly classified as an independent contractor you should not be responsible for reporting payments on Form 1099-MISC or any other tax forms. The reason is that our escrow service is a “third-party payment network.” When you make payments through our third-party payment network, Form 1099 reporting becomes our responsibility, not yours. Specifically, we are obligated to report payments to independent contractors on Form 1099-K when applicable, which means you should not be obligated to report on Form 1099-MISC. Therefore, Contynt no longer sends Form 1099-MISC on behalf of clients, and all freelancers classified as U.S. Persons must submit Form W-9 information to us on the Contynt site, so that our escrow service can accurately report on Form 1099-K.
The foregoing assumes you have correctly classified your freelancer as an independent contractor to you, instead of an employee. As a reminder, you are responsible to determine proper classification of all of your freelancers as either independent contractors or employees. For U.S.-based freelancers, you should refer to the IRS guidelines and other federal, state, and local regulations applicable to you. When you use this service, our staffing provider will employ the worker, handle all of the withholding and payment of taxes, and provide the worker with a Form W-2.
Naturally, we’re not experts on tax matters for your specific business, so you should consult a tax professional if you have questions or concerns about this or any other tax-related issues. If you’re not based in the U.S. or have additional questions, please consult your local tax representative for more information on filing tax forms in your country.