How are taxes handled?

If you are an independent contractor using the MySquard platform, it is your responsibility to file and pay your own Federal and State income taxes. We do not withhold any taxes on your behalf. For any questions about filing your taxes, please consult a tax professional.

For Services Professionals in the U.S.:

In compliance with the IRS, all U.S. service professionals who have earned $20,000 or more AND have completed at least 200 bookings during the 2020calendar year are considered eligible and will be issued a 1099 tax document. If you did not meet this threshold, you will not be issued a 1099 form.

Those who are eligible will receive an email from Payable on or before January 31st, 2021 to create or sign in to their Payable account to download their 1099. Please note that we do not email any 1099 documents.

If you have received the 1099 form via Payable electronic delivery, but a hard copy and can still log in to their Payable account to download and print the tax document if necessary.