Paying Taxes On Funds Raised

How to classify funds earned by sales.

Micah

Last Update il y a 2 ans

By law, you are responsible for reporting all income from sales/payouts at Impact Merch.


While we're passionate about creating amazing products, we're not tax experts. Therefore, we strongly recommend consulting with your local CPA/tax advisor for advice on tax matters

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If you received a payout via Stripe or Paypal:

All organizations who sell through Impact Merch and earn more than $600 in a calendar year (January - December) will receive relevant tax information through Stripe/Paypal. However, please note that PayPal and Stripe may have their own requirements for issuing 1099 forms.


If you receive a payout via check from Impact Merch:

Organizations who sell merchandise through The Church Shop and earn more than $600 in a calendar year, will receive a 1099 form from us.

All organizations are responsible for reporting any income earned through The Church Shop.


Please reach out if you have future questions.

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