Yes, per DogVacay’s Terms, you are responsible for complying with all applicable tax laws and regulations related to your use of the site and the services that you provide as a Host. We encourage you to consult with a tax professional to better understand your requirements.
When it comes to reporting your income from Hosting, here are a few things to keep in mind.
- DogVacay Does Not Withhold Taxes
In other words, it’s every Host’s responsibility to claim their income as required by federal laws and laws specific to their state.
- You May or May Not Receive a Tax Form
Depending on certain criteria, you may or may not receive you a 1099—the tax form used to record self employment earnings. See below to find out whether or not to expect a 1099 from DogVacay or PayPal.
- You’ll get a 1099 via PayPal if…
…you’re a Host in the United States who has “PayPal” selected as your payout method and have earned more than $20,000 and completed more than 200 transactions in the calendar year.
Your 1099 will automatically show up in your PayPal account. To locate the form, sign in to your account, click on Activity, then click on Statements, and select Tax Documents. See PayPal's instructions page here.
- You’ll get a 1099 via regular mail if…
…you’re a Host who has “Check” selected as your payout method, and you’ve earned more than $600 in the calendar year. Your 1099 will come via regular mail directly from DogVacay, and should arrive in January.
- You will NOT receive any tax forms if…
…you do not meet the above criteria for checks or PayPal, or if you’re based in Canada. (In other words, regardless of earnings, Canadian Hosts will not receive any tax forms from DogVacay.)
- You Have to Handle State Taxes Separately!
State taxes vary, and some states require additional tax reporting not covered by the 1099. Therefore it’s up to you to complete any additional documentation depending on where you live. Find links to individual state government websites here for more information on filing.
- We Recommend Seeking Professional Advice
DogVacay is not considered a tax advisor and cannot provide specific advice on taxes or how Hosts should report their income. A tax professional will be able to further explain what to do and how to best handle your individual reporting.