Who is this article for?
This article will be useful to you if are a partner on PartnerStack looking to obtain information on your commissions to file your taxes.
Tax forms
Tax is not taken off your withdrawal at the time of withdrawal. When it comes to tax time, your tax forms (such as 1099k) will be provided by your payout provider, Stripe or PayPal. You can also download a withdrawal receipt from your PartnerStack dashboard.
To find out which payout provider you are using, please visit your Commissions tab. For more information on the available payment providers see the Adding a payment provider support guide.
How to get tax forms from Stripe
Per the IRS’s requirements, Stripe issues 1099-Ks to Stripe accounts associated with a unique Tax Identification Number (TIN) that have accepted at least 200 charges, totaling $20,000.00, or more, through their Stripe account. Please see Stripe's support articles for more information on 1099-K forms:
How to get tax forms from PayPal
PayPal will track the payment volume of your account(s) to check whether your payment volume exceeds both of these levels in a calendar year:
- $20,000 USD in gross payment volume from sales of goods or services in a single calendar year
- 200 payments for goods or services in the same year.
For more information, please refer to PayPal's Help Centre directly:
- How does PayPal report my sales to the IRS? Will I receive a tax Form 1099-K?
- How do I find my tax Form 1099K in my PayPal account?
If you have more questions about finding your tax forms, reach out to Stripe or PayPal directly.
How to get direct deposit tax forms
If you withdrew commissions from PartnerStack using direct deposit in 2024 or would like to withdraw commissions using direct deposit moving forward, you are required to submit a W-8 or W-9 form. You can access your Tax Forms through a quick link in your Commissions tab, or through your Network profile/ team settings. US entities and individuals are required to complete a W-9, and non-US entities and individuals are required to complete a W-8. Please note that filling out a W-8 form does not mean that you must file or pay US taxes.
Your W-8 or W-9 form will take less than 5 minutes to complete and covers information such as your first name, last name, and business information.
- The W-9 form is for entities/ individuals of the US with an SSN or TIN
- The W-8 form is for non-US entities/ individuals
Where can I find my 1099 form?
If you have filed a W-9 within the deadline and meet the requirements for a 1099, a 1099-NEC will be provided and downloadable from your PartnerStack Tax Forms tab.
Why do I need to fill out a W-8 or W-9?
PartnerStack is a US entity and is subject to tax reporting requirements set by the US Internal Revenue Service (IRS). Specifically, PartnerStack is required to collect tax forms from each partner who withdraws commission via direct deposit and to provide a 1099 tax form when applicable. This applies to both US and non-US partners. Please note that filling out a W-8 does not mean that you must file or pay US taxes.
If you choose to withdraw your commissions using Stripe or Paypal you will not be prompted to submit tax forms through PartnerStack. However, both Stripe and PayPal are also required to collect tax forms on their platforms.
To access your W-8 or W-9 form in PartnerStack:
- Log into your account
- Click on your initial or company logo in the top right-hand corner and select “Network Profile” from the drop-down
- Click on the Tax Forms tab and fill out the applicable form
If you are a non-US resident you will need to file a W-8 form in your PartnerStack dashboard, but will not need a 1099-NEC for your taxes. Please consult a local tax authority if you have any questions on how to include your Commission income in your taxes.
How do I translate a W8 or W9 form?
The W-8 and W-9 forms in your PartnerStack dashboard are embedded using our direct deposit provider, AirWallex. These forms are provided by AirWallex in English only. To see translations of the W-8 or W-9 form see the IRS website for the forms in Spanish, Chinese simplified and traditional, Korean, Russian, Vietnamese, and Haitian-Creole.
Troubleshooting W-8 and W-9 form submission errors
When submitting your W-8 or W-9 form please ensure you have a stable internet connection. If your connection times out while your form is being submitted.
W-8 or W-9 401 or "failed to initialize" error
If you encounter a "401" or "failed to initialize" error, please refresh your browser and resubmit your form.
W-8 or W-9 Verification error
If you encounter a "verification error" there is an issue on your form with one of the following fields:
- name
- address/state/province/country
- TIN type or TIN
- business name
- jurisdiction of incorporation
- birth date (W-8)
Please confirm your details are correct before amending your form.
If you encounter any other W-8 or W-9 form submission errors, create a support ticket through your in-app chatbot, Patty.
Commission receipts for invoicing
If you require receipts for your tax purposes these can be downloaded in-app following the steps below. Tax or VAT are not taken off your commissions at the time of withdrawal.
If you have questions on whether or not you should be claiming your earnings through PartnerStack, or questions on tax laws, speak to a local tax authority for assistance.
To download a withdrawal receipt:
- Log into your PartnerStack dashboard here
- Click on your "Commissions" tab in your top menu bar
- In your Commissions table click on the "Withdrawals" sub-tab
- Click on the withdrawal you would like a receipt for
- In the window that opens, click "View Receipt"
- Note, you will not be able to view or download your receipt until you have entered your billing address
- Your receipt will open in a new window. Right-click on the receipt, click "Print" set the destination as "Save as PDF" and click "Print"
Entering and updating billing information
Your billing information must be added in your team Withdrawal receipts tab to download a receipt. If you have not yet entered a billing address you will see "Your business address is missing".
Click "Add business address" to navigate to your team's Withdrawal receipts tab. Here you will be able to enter your business address as well as your VAT/Tax ID if applicable.
If you have entered your details but would like to make changes, click "Update details".
If you would prefer to consolidate all your receipts into one invoice to submit for your tax purposes you can create one using the totals from your receipts, and an invoice template.