Compliance Corner

‘Tis the Season...with Thanksgiving, Christmas and the New Year right around the corner, you should head to your Virtual Office today to make sure all of your personal contact information and taxpayer information is up to date. 
As a Rep with PlanNet Marketing, it’s your responsibility to provide us with up-to-date information concerning you and your business. 
Shortly after the New Year, PlanNet Marketing will be sending a 1099 tax form to all those Reps who earned $600 or more USD in 2016. It is your responsibility to provide a valid Social Security or Taxpayer ID number and to pay local, state and federal taxes on any income generated as a PlanNet Marketing Rep. 
Reps living outside the United States must complete a Form W-8BEN (available in your Virtual Office under Resources) and email a completed, scanned copy to by January 31, 2017. By signing Form W-8BEN, the foreign Rep is certifying that he or she is not a U.S. person/resident. 
PlanNet Marketing is looking forward to another wonderful holiday season with our Reps and a very Happy New Year!
-- Policies and Procedures Section 5.7 & 6.1, located in your Virtual Office in the Information Center (go to Resources, then Policies and Procedures).

~Amanda Restivo, Manager of Compliance --