Note: Rec is not able to provide tax advice. This article is intended to outline relevant tax forms and documents instructors can expect from Rec. For individual tax advice, please consult a tax professional.
Upon making their first sales on the platform, instructors submit U.S. Internal Revenue Service (IRS) tax forms to Rec via our Stripe Connect payment platform. In return, in the months following the end of each calendar year, instructors can expect forms from Rec summarizing their payout totals and withholding totals from the previous year. Rec also files copies of these forms with the IRS.
While Rec uses instructors’ submitted tax information to determine the correct amount of IRS withholding to apply to payouts, all instructors are responsible to report their earnings to the government authorities relevant to them for the purposes of income tax collection, and the 1099 form that instructors receive from Rec may be helpful in that effort. If you have questions about what your income tax obligations are, consult the help of a tax professional.
If you are not a US-citizen and wish to enroll as an instructor please contact us at instructors@rec.us and we can help you onboard.