AnytownUSA.com complies with all state and federal laws and requirements regarding the reporting of revenues.
During the registration process, you are required to provide Tax ID information. Splash Payments requires each seller’s social security number. Businesses must also submit their Federal EIN number.
AnytownUSA, via Splash Payments, will generate a 1099-K form for any Seller that processes one or more transactions per year through the Splash Payments platform. For more information about the 1099-K form we strongly suggest contacting a certified tax professional. You can read more about the 1099-K here: https://www.irs.gov/businesses/understanding-your-1099-k.