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GITBOOK-475: Tax Center

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SUMMARY.md
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* [Analyst Rewards](our-app/analyst-rewards/README.md)
* [✨Top 30✨ Dashboard Rewards](our-app/analyst-rewards/top-30-dashboard-rewards.md)
* [✨Top 8✨ Dashboard Rewards](our-app/analyst-rewards/top-8-dashboard-rewards.md)
* [Tax Center](our-app/analyst-rewards/tax-center.md)
## Our Data

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# Tax Center
Flipside has integrated [TaxBit](https://taxbit.com/) to make it easier for users to report their earnings.
Users of Flipside Earn that participate in programs including but not limited to Top 8, Top 30, Quests, Ambassadors, and Direct-to-Analyst requests are required to provide information required to generate a W9 or W8.
Learn more about these forms on the IRS website:
* [Form W-9](https://www.irs.gov/forms-pubs/about-form-w-9)
* [Form W-8BEN](https://www.irs.gov/forms-pubs/about-form-w-8-ben)
* [Form W-8BEN-E](https://www.irs.gov/forms-pubs/about-form-w-8-ben-e) 
Users of Flipside Earn will be able to continue to earn rewards but will not be able to claim rewards that put their yearly claims over $600 USD value without completing the required form.
{% hint style="info" %}
Information collected in this form is stored by TaxBit. 
Flipside does not store this information.
{% endhint %}
## Verify Tax Status
Visit [Flipside Earn](https://flipsidecrypto.xyz/earn) and navigate to the Tax Summary card to complete this process.
<figure><img src="../../.gitbook/assets/image (8).png" alt=""><figcaption></figcaption></figure>
Once information is verified with the IRS via TaxBit, the status will change to verified and the user can continue to claim rewards at will.
<figure><img src="../../.gitbook/assets/image (9).png" alt=""><figcaption></figcaption></figure>
If information is invalid or the user wishes to assign the earnings to a different legal entity, the user may resubmit using the `Edit Tax Info` button.
<figure><img src="../../.gitbook/assets/image (10).png" alt=""><figcaption></figcaption></figure>
1099-MISC forms will be made available to Flipside Earn users in early 2024.
## Taxes for Teams
As of November 2023, Flipside Earn supports one legal entity per Flipside user.&#x20;
Earnings associated with a Team will be assigned to the legal entity of the team’s owner.&#x20;
If you have a complicated tax situation and need support, please reach out via this [form](https://share.hsforms.com/1PtUn6I6wQ3erCbc33eZDrQedyra).