Filing taxes (US)

In Creator Resources, Legal, Taxes by Eboni Bright December 9, 2020

Here are some answers to common questions concerning the Form 1099:

Who needs to file a Form 1099?

In the US, you are required by law to file a Form 1099 if you receive more than $600 in profits from Spring (previously known as Teespring). Creators with multiple accounts will need to update their account information on all of their accounts, as we will be merging their payout amount into one 1099 form. Only INDIVIDUALS will receive a Form 1099 from Spring. All other types (Corporations, partnerships, LLCs, and international entities etc.) are responsible for reporting taxes themselves by consulting a tax accountant. 

What information will be included in my form?

Your name, address, SSN and payout amount received during the year will be included on the form so it is important that this information is accurate and up to date.

Additional information and examples of Form 1099-MISC can be found here

When will I receive my Form 1099?

1099 Forms will be sent out by January 31st of each year, or, if January 31st falls on a non-business day, they will be sent out the following business day. They will be mailed to the address you’ve indicated in your Spring profile.

How is my Form 1099 payout amount calculated?

The amount is based on cash paid out during the year, not cash earned during the year. For example, if you end a listing in December 2019 but do not request the payout until January 2020, the amount earned for this listing will be excluded from your 2019 Form 1099.

For tax purposes, it’s best to look at the total amount paid to you over the tax year. The best way to verify that information is to go to the Payout section of your dashboard. On this page, you can add up the payout request amounts which you have made in the past year.

The Creator Dashboard reflects all payouts for all-time profit, including non-listing payouts that you may have received, such as affiliate fees, referral fees, or competition winnings (i.e. Merch moment contest). We suggest cross checking with the “Payouts” section of your dashboard to cover all bases in the event of a glitch or bug that may cause calculations to differ.

You may not receive a Form 1099 if:

You did not receive payments of $600 or more within the calendar year.

You are a Corporation, LLC or international entity/seller.

Please contact us if:

1. You have received a Form 1099 mistakenly.

2. You think you should have received a Form 1099 from Spring but have not.

3. You feel the Form 1099 you received includes inaccurate information.

Charity Payouts:

You will see all payouts, even those that went directly to a charity, reported on your 1099. If you have questions about how to report your charitable donations on your taxes, please consult a tax professional.

If you still have questions regarding a 1099, please contact creatorhelp@spri.ng