Overview
Leland follows the industry standard and operates like a payment platform (technical term being a Third Party Settlement Organization—TPSO).
As you know, we leverage Stripe for secure payouts, and all of your earnings information can be accessed through the Stripe Dashboard.
Leland does not withhold any taxes. It is your responsibility to pay taxes on your Leland earnings in the country where you file taxes.
For U.S. taxpayers
You are a U.S. taxpayer if you have a Stripe account based in the United States or you have a non-US Stripe account but pay U.S. taxes.
As a Third Party Settlement Organization (TPSO) marketplace using Stripe Connect, we are required to report certain payment transactions to the IRS through 1099-Ks.
Form 1099-K reports the gross amount of all reportable payment transactions processed through our platform. This includes:
Payment card transactions (credit, debit, stored-value cards)
Third-party network transactions
The form does not include any adjustments for fees, refunds, or chargebacks.
Stripe is responsible for issuing 1099-Ks to you directly, if you meet the criteria for the 2024 tax year:
1099-Ks are only sent to coaches with gross payments that exceed $5,000.
So, if you did not make more than $5,000 or you do not meet the location criteria outlined above, you will not be receiving a 1099-K or any other tax form from Stripe.
Visit Stripe for additional info, including details on filing requirements for some states that differ from federal requirements.
(According to Stripe, “Prior to calendar year 2024, the 1099-K threshold applied to accounts based in the U.S. and having $20,000 USD in total gross volume and 200 transactions.”)
Even if you don’t meet the $5,000 threshold, the income you generated is still taxable, and you can access your total payout details by visiting the Earnings page in your coach dashboard and clicking on the "Open Stripe Dashboard" button.
For non-U.S. taxpayers
Please make sure you have correctly set up your tax information here.
Stripe does not handle tax obligations for independent contractors outside the U.S.
If you have questions about how your Leland earnings should be taxed, we recommend you speak with a tax professional in the country where you’ll be filing taxes.