2023 Tax DocumentsUpdated 4 months ago
Hi Gorgeous!
For any payments made to affiliates through PayPal, the responsibility for filing the 1099-K lies with PayPal. That having been said, there was a recent change from the IRS that raised the Tax Form filing threshold for online payment platforms like PayPal to $20,000 instead of $600. Meaning, that only affiliates that got paid more than $20k in the year 2023 will get a tax form delivered to them.
This can be accessed on Paypal>Reports>Tax Forms.
For anybody who falls below that threshold of $20k and did not get a form, the guidance states they will have to self-report their earnings by running an earnings report on PayPal. A quick instruction has been posted on our website.
You may contact us here if you have other questions.
XOXO