, , ,

How are taxes handled?

As a contractor using the MySquard Services platform, you are responsible for filing and paying your own Federal and State income taxes. MySquard Services does not withhold any taxes on your behalf. If you have questions about filing your taxes, please consult a tax professional.

Professionals in the U.S. :

In compliance with the IRS, U.S. professionals will receive Form 1099-K if MySquard Services processed more than $20,000 from over 200 transactions on their behalf in calendar year 2023. If you did not meet this threshold, you may not receive a Form 1099-K (some state level exceptions may apply).

Eligible pros should have received an email from Stripe (partner@mysquard.com) with instructions to confirm tax information and delivery preferences.

For eligible pros: If you opt in to e-delivery via Stripe Express, your Form 1099-K will be emailed to you by January 31, 2024. If you do not opt in to e-delivery, your Form 1099-K will be delivered via postal mail by February 15, 2024.

If you have any questions or did not receive the email from Stripe, please reach out to our Pro Tax Support at partner@mysquard.com.


c2.ma” title=”January 13, 2017 at 2:32:30 PM UTC-5″>

c0.ma” title=”January 13, 2017 at 2:32:05 PM UTC-5″> c0.co”>
Professionals in Canada :
Professionals in Canada who have earned $500 or more during the 2023 calendar year will be issued a T4A tax document via standard mail.

Professionals in the UK :
If you are a professional in the UK, MySquard Services does not provide any tax documentation.

If you have any questions, you can chat with us via the blue chat icon, or email us any time using the form linked here.