1099 FAQ

Welcome 1099 recipients, and thank you for visiting our website to learn more about the 1099 you have received. Below we have compiled a list of most commonly asked questions and concerns.

Disclaimer:
Liberty Mutual does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.

 Questions:

Q: What is a 1099-Misc/Int, and why did I receive one?
​​A: The IRS form 1099-MISC and 1099-Int are forms the IRS requires Liberty Mutual to file for all reportable income to non-employees. Our records indicate we made a payment to you from Liberty Mutual or one of its subsidiaries that is reportable income according to IRS guidelines.

1099-Misc:
Typical payments that we issue that require a 1099-Misc include, but are not limited to: payments issued to providers who performed services, business income loss payments,  fees, awards for punitive damages/non-physical injury, ex gratia payments, and awards wherein our company paid attorney fees on your behalf. Please see the IRS instructions for 1099-Misc for further education on reporting practices.

1099-Int:
Typical payments that we issue that require a 1099-Int include, but are not limited to: interest on penalties, final claims, and death benefits. Please see the IRS instructions for 1099-Misc for further education on reporting practices.
Q: What are the payments I received?
​​A: A break-down of the payments that make up the amounts on your 1099 is located on the back of the 1099. We only have room to include one page of information for you, however if there is more information that is not included on the back of your 1099 this is noted at the end of the detail trail. If you require further transaction detail please contact us, and be sure to note the Tracking Number that is on your 1099, and note you need further transaction detail.
 
Please note, for each payment there may be more than one line of the same payment information. This is not a double reporting of the same payment, this is reporting the payment in two boxes: one for Federal reporting and one for State reporting (box 18 State Income).
Q: Why is the amount on the 1099 different from what my records show?
​​​A: If you are a broker, the actual amount you received throughout the year may be different from what is reported on the 1099 due to prior year policy cancelation adjustments.
 
If you are not a broker, the amount could be different from your records due to the timing of the payment issuance. We report payments as they are issued, and not as they are received. This could cause a difference in amounts if the payment is issued towards the end of the year.
 
If these explanations do not answer your inquiry, please contact us (see below) and include as much payment information that you have along with the 1099’s Tracking Number. 
Q: Why did I receive a 1099 from Liberty Mutual Group, Inc, when I do business with Helmsman Management Services?
A: You may have received payments from Helmsman Management Services, however received a Liberty Mutual Group Inc. 1099. For tax reporting purposes, Helmsman reports through Liberty Mutual. All lines of business remain the same.
    

 Issues:

Q: What do I do if the Recipient TIN and/or Recipient Name is incorrect, or if my company is exempt from 1099 reporting?
​A: Please send a signed W9 showing your correct information (exempt recipients should ensure that box 4 on the W9, or the exemption box, is completely filled in), along with the incorrect 1099. This can be mailed, faxed, or emailed (see contact information). For a blank W9, please visit the IRS website: http://www.irs.gov/pub/irs-pdf/fw9.pdf 
 
A W9 is not needed for address changes. Please send us an email with your 1099’s Tracking Number and your correct 1099 reporting address. NOTE: This address correction will not update where your payments are sent.  Please work with your Liberty Mutual contact if you need to update your payment address.
Q: I believe the payment showing on my 1099 is not subject to 1099 reporting, what do I do?
​A: Please contact us (see below), and include a description of the payment detail (payment number, date, and amount), and why you believe the payment is not reportable. Please be sure to include the 1099’s Tracking Number.
Q: I am an attorney, why is there money reporting in Box 7, Nonemployee Compensation?
​​A: Attorney fees must be reported as nonemployee compensation according the IRS regulations, (see Box 7 examples on the 1099-Misc instructions). Settlement payments are reported in Box 14, Gross Proceeds Paid to an Attorney. If the payment showing in box 7 is a settlement payment, please contact us (see below) and include the 1099’s Tracking Number.
Q: I received a 1099 from Liberty Mutual, but I do not do business with Liberty Mutual?
​​A: We made a payment to you from Liberty Mutual or one of our subsidiaries that is reportable income according to IRS guidelines. The IRS form 1099-Misc and 1099-Int are forms the IRS requires Liberty Mutual to file for reportable income to non-employees. 
 
Typical payments that we issue that require a 1099-Misc include, but are not limited to: payments issued to providers who performed services, business income loss payments,  fees, awards for punitive damages/non-physical injury, ex gratia payments, and awards wherein our company paid attorney fees on your behalf. Please see the IRS instructions for 1099-Misc for further education on reporting practices.
 
Typical payments that we issue that require a 1099-Int include, but are not limited to: interest on penalties, final claims, and death benefits. Please see the IRS instructions for 1099-Int for further education on reporting practices.
 
If still feel that you received this form in error, please contact us and include the 1099’s Tracking Number.
               
    

 Contact Us:

​Our contact information:
Phone: 603-970-3065
Hours of Operation:  8:00 AM to 5:00 PM  EST
Email: 1099LM@libertymutual.com
Mail: PO Box 1525 Treasury Tax
         Dover, NH 03821
Fax: 603-334-5928