Yes. Applicants must have a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) and are required to complete a W9 Form and Direct Deposit (ACH) Form in order to become qualified and receive payment. Payments you receive from Prolacta will be subject to any applicable federal and state income tax. Prolacta will not withhold any taxes from payments made to you, and as a result, you may be required to make estimated tax payments to federal and state tax authorities. Prolacta is required to report payments it makes to you to those tax authorities if thresholds are met. Following the end of the calendar year in which you were paid, Prolacta will mail you a Form 1099-NEC if you are paid at least $600 during the year. The income will be reported as non-employee compensation. Please note that there is no threshold that applies to reporting income. You are required to include all reportable income in the return even you don’t receive a Form 1099. Because every person’s tax situation is different, Prolacta cannot provide you with tax advice, and we recommend that you consult with a qualified tax advisor to discuss reporting any non-employee income from Prolacta. In general, certain expenses you incur from the services you provide may be deductible from the income you receive. Some common deductions may include car mileage, supplies, and business use of cell phones, provided those expenses are necessary for the services you are providing. Please consult your tax advisor and review information provided by the IRS at
www.irs.gov regarding reporting of 1099 income, related tax payments, and deductibility of expenses.