To ensure compliance with tax regulations, we have implemented a system that tracks your ENDVR earnings in relation to tax form submission. Below are important details to help guide you through the process and also steps on how to submit your form!
Important note: The Overrun feature needs to be activated by the brand, and some brands may choose not to enable it. If it’s not activated, users won’t be able to exceed the threshold for their country, and their earnings will be capped at that limit. This means any approved entries surpassing the threshold won’t be paid, but will still count towards other rewards.
FAQ
What is the threshold for my country?
The threshold is set to $599 in the US and $499 in Canada.
❗This threshold is set annually and resets every January 1st.
What happens if I exceed the threshold?
We recommend submitting your tax form when you reach 85% of the threshold.
Any entries approved after surpassing the threshold will not qualify for a cash reward, even if the W9 form is submitted afterward.
To ensure payouts for entries beyond the threshold, submit your form as soon as possible.
Do I need to submit a tax form each year?
Once you submit a tax form for a brand, you don’t need to submit a new one in subsequent years for that brand, as your information is saved for future use.
You only need to submit a new tax form if your address changes. For more information, please contact support.
Do I need to submit multiple tax forms?
A tax form is required for each brand where you exceed the threshold.
For example, if you surpass the threshold for two brands, you’ll need to submit a form for each.
Is the threshold based on one brand or all my earnings on ENDVR?
The threshold is set individually for each brand, not based on your overall earnings on the platform.
Each brand has its own threshold that you must meet before requiring a tax form submission.
Example:
You earn from four different brands: Brand A, Brand B, Brand C, and Brand D, each with a $599 threshold.
Brand A: Your earnings total $500. Since you haven't reached the threshold, no tax form is required.
Brand B: Your earnings total $620. Since you’ve surpassed the threshold, submit the tax form for Brand B. Earnings above $599 for Brand B won’t be paid, but to avoid delays, submit the form once you reach 90% of the threshold.
Brand C: Your earnings total $580. No tax form is required yet. However, it's advisable to submit the form early to avoid delays.
Brand D: Earnings are also below the threshold.
In this example, you only need to submit a form for Brand B, where you’ve exceeded the $599 threshold.
Am I notified before I reach the threshold?
Yes, when your earnings reach 85% of the required threshold, you’ll receive an email notification alerting you that a tax form is required.
Submit your form as soon as you receive this notification to ensure you continue receiving payouts for entries beyond the threshold.
What happens if I reach the threshold?
Once you reach 100% of the threshold, you won’t receive cash earnings until the tax form is submitted and acknowledged.
If your form isn’t acknowledged before entries are approved, those entries won’t earn cash rewards. However, once the form is processed, any subsequent entries will be paid.
Should I expect something from the brand?
Yes, you should expect to receive a T4A (for Canadian users) or a 1099 (for US users) at the start of the new year, sent to the address you provided on the form.
Is there a deadline for submitting the tax form?
No specific deadline, but your ability to earn cash rewards will pause once you reach the 100% threshold until your form is acknowledged.
You can still submit entries and receive non-cash rewards during this time, but cash rewards will be withheld.
Is the tax form mandatory to share?
No, you are not obligated to submit your tax form. However, if you choose not to submit it, you won’t be able to earn additional cash rewards once the 100% threshold is reached.
You will still be eligible for other types of rewards, such as codes or grand prizes, if available in the campaign.
Questions?
Feel free to reach out to our amazing support team via in-app chat or email at support@endvr.io.