Tax Information
Last Updated: December 26, 2024
Due to company policy, all artists are required to provide a Paypal account to proceed with your payout. Once you have made a sale and it is time to be paid, you’ll be prompted to set up your Paypal account and supply all information. JV Studio Art will send you an email with the necessary steps to activate your Paypal account. You’ll only be required to activate your account once.
Artists will be asked to provide tax information directly within your Paypal account during activation. If there are any issues or missing information, the Paypal team will contact you directly. Your payout will be sent as payment for goods and services. Artists should review on Paypal website how Paypal reports your sales to IRS and become familiar with required forms to download from Paypal website in order to file taxes properly.
All applicable sales tax is collected and paid for by your buyers at the point of sale when applicable and regardless of their location.