For Basecamp Fitness, what is the condition under which HC will provide a 1099 form to a client?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
HC agrees to provide a 1099 Form to each Client that meets applicable IRS thresholds.
Client's that do not meet applicable IRS thresholds may request a 1099 Form by contacting: compliance@healthycontributions.com.
Source: Item 23 — RECEIPTS (FDD pages 62–248)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, Healthy Contributions (HC) will provide a 1099 form to each client that meets applicable IRS thresholds. Clients who do not meet these thresholds may still request a 1099 form by contacting compliance@healthycontributions.com.
This means that as a Basecamp Fitness franchisee, if you participate in any Fitness Incentive Programs administered by HC, you will receive a 1099 form from HC if your earnings meet the IRS requirements for reporting. If your earnings fall below the IRS threshold but you still need a 1099 form for your records or tax purposes, you have the option to request one directly from HC.
This is a fairly standard practice, as businesses generally issue 1099 forms to individuals or entities they pay over a certain amount during the tax year, as mandated by the IRS. The FDD clarifies the process for obtaining these forms through HC, ensuring that Basecamp Fitness franchisees understand how to properly report income received through these programs.