Payments for work done on the OneSpace platform are issued by PayPal Payments and not by OneSpace. Therefore, due to recent changes under IRS Section 6050W, OneSpace is no longer required to provide Form 1099-MISC for payments we issue via PayPal.
PayPal Payments is the party responsible for reporting transactions that meet IRS thresholds via Form 1099-K. You’ll only receive a 1099-K if you receive over $20,000 in PayPal payments and over 200 separate payments in a calendar year. To read more about Section 6050W, click here. To view and download your PayPal payment details for any time period, visit the Activity section of your PayPal account.
Please note: This information does not constitute tax, legal, or other professional advice. If you have any questions, contact your tax, legal, or other professional adviser.