This was part of what I was sent when I made an inquiry about it:
We use Track1099.com to collect W-9 forms because of its state of the art security (For more information go to [
track1099.com] and click the “Security” link)
If you do exceed $600 in Presto payments for the current tax year, early next year you’ll receive a 1099 form from us which will include the total amount of your Presto payments to help you file your taxes properly.
What happens if I DON’T fill out the W-9 form?
Unfortunately, we’ll have to put a hold on you performing any additional Insta-Shops. As you might imagine, the IRS gets cranky when companies like Presto continue to pay independent contractors who haven’t filled out a W-9 form.
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