Terms for Electronic Delivery of Form 1099-K

THESE TERMS FOR ELECTRONIC DELIVERY OF FORM 1099-K ("TERMS") APPLY TO THE DELIVERY OF FORM 1099-K FILED WITH THE INTERNAL REVENUE SERVICE (IRS), ("FORM 1099-K" OR THE "FORM") IN ELECTRONIC FORMAT.

Electronic Delivery of the Form

After filing the Form with the IRS, Zoho will (i) email the Form to the account owner's email address; and (ii) provide an option within Zoho Payments to download the Form.

Withdrawal of Consent

Your consent to receive the Form electronically will be effective until you withdraw your consent by writing to us at support@zohopay.com. If you have withdrawn your consent to receive the Form in electronic format, we will arrange for delivery of the Form via post to your registered business address. Your request to withdraw your consent must be made at least forty five (45) days prior to the 31st of January every year. Your withdrawal of consent will be effective within two (2) days of receiving your request. We will also send you an email confirming the withdrawal of your consent and the date on which the withdrawal becomes effective. Your withdrawal of consent will not be applicable to the Form that was furnished to you electronically before the date on which the withdrawal of consent takes effect.

Updating Your Contact Information

You can update your contact information through your Zoho Payments Account. You understand and agree that it is your sole responsibility to update any changes in your contact information in order to receive the Form electronically. You further understand and agree that Zoho shall not be made liable in the event that you do not receive the Form through email due to your failure to update your contact information.

Hardware and Software Requirements

In order to access and download the Forms electronically, you will need the following computer hardware and software :

  • Functional email address;
  • Device with internet access and compatible browser version;
  • PDF Reader to view the downloaded document
  • Printer to print the Form; and
  • Sufficient storage space to download and save the Form.

We will notify you in case of any material changes to the hardware or software requirements is needed to receive the Forms electronically. By giving your consent, you are confirming that you possess the necessary hardware and software and that you are able to receive, open, and print or download a copy of the Form.

Notification for Availability of the Form in Zoho Payments Account

We will send you an email notifying the availability of the Forms in your Zoho Payments Account, and the subject line of the email will be "Form 1099-K filed for (YEAR)". The Electronic Notice will include instructions on how to access and print the Form. If the Electronic Notice is returned undelivered and if we are unable to get your correct email address, we will send the content of Electronic Notice by post within thirty (30) days from the date on which the Electronic Notice was returned undelivered.

Non-availability of Form in Electronic Format

If you terminate your use of Zoho Payments, we will cease to make the Form available in electronic format. However, you may request for the electronic format of the Form at any time within seven (7) years from the date of termination of your Zoho Payments Account, by writing to us at support@zohopay.com.