diff --git a/.gitbook/assets/image (10).png b/.gitbook/assets/image (10).png new file mode 100644 index 0000000..c85ba06 Binary files /dev/null and b/.gitbook/assets/image (10).png differ diff --git a/.gitbook/assets/image (8).png b/.gitbook/assets/image (8).png new file mode 100644 index 0000000..27b1244 Binary files /dev/null and b/.gitbook/assets/image (8).png differ diff --git a/.gitbook/assets/image (9).png b/.gitbook/assets/image (9).png new file mode 100644 index 0000000..f62c495 Binary files /dev/null and b/.gitbook/assets/image (9).png differ diff --git a/SUMMARY.md b/SUMMARY.md index be3bea2..2ae9eae 100644 --- a/SUMMARY.md +++ b/SUMMARY.md @@ -18,6 +18,7 @@ * [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 diff --git a/our-app/analyst-rewards/tax-center.md b/our-app/analyst-rewards/tax-center.md new file mode 100644 index 0000000..63e7b75 --- /dev/null +++ b/our-app/analyst-rewards/tax-center.md @@ -0,0 +1,43 @@ +# 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. + +
+ +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. + +
+ +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. + +
+ +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. + +Earnings associated with a Team will be assigned to the legal entity of the team’s owner. + +If you have a complicated tax situation and need support, please reach out via this [form](https://share.hsforms.com/1PtUn6I6wQ3erCbc33eZDrQedyra).