How do we file taxes if we made money with ShopYourLikes?
We receive a lot of questions about tax forms including 1099 form inquiries and would like to just clarify some details.
- Since we used PayPal as our payment processor, we will not be sending out any tax forms including 1099 forms. If you would like to find out if you're eligible via PayPal, you can visit this page here: https://www.paypal.com/va/smarthelp/article/how-does-paypal-report-my-sales-to-the-irs-will-i-receive-a-tax-form-1099-k-faq729
- All payments that are sent out to users are un-taxed which means all users are responsible for reporting and paying taxes to the IRS if applicable.