[dpFund]

1099 is a form which is filed by a company to the IRS who hired you to work for them as an "independent contractor".

If you are a one man ISO shop then you get paid commissions directly from the funding source, with a W9 on file, not a 1099.

Sorry, but this is not the case. As a direct funder, I collect the W9 at the beginning of the relationship, before sending commission checks. Then at the end of the year, I am required to send a 1099 to every person/company that I have paid, in addition to filing it with the IRS.

[John Galt]

No Dan, Unless things have changed recently you are required to send one to individuals. Corps are not mandatory although some send 1099s on those too.