Payee Tax Form(s) Reporting and Disclosure Information

For sellers who meet the requirements needed for tax reporting for a whole year, SOSILE E-COMMERCE LTD will generate a Payee Tax Form while filing it together with relevant taxing authorities. We provide the seller access to it as we also deliver them some copies. These threshold requirements can be connected to reportable payment transactions. These transactions must be under the International Revenue Code.

The following details for completed transactions are included in Payee Tax Form(s) reportable payment transactions:

• Associated Sales Tax
• Buyer-Paid Shipping
• Item Price
• Merchant Fees

Know that a transaction becomes complete once the seller rates an order or when SOSILE E-COMMERCE LTD automatically rates the order after a recommended span of time. By this time, net sale proceeds will be added to the seller’s balance. Take note that the total gross amount does not include any adjustments for cash equivalents, credits, discount amounts, fees, refund amounts, and any other amounts after completion.

There are some states that have their respective tax reporting thresholds. They may vary from the federal threshold mandated by the Internal Revenue Service. Whenever a seller meets the federal threshold, we will also file copies of the Payee Tax Form together with state taxing authorities that have Payee Tax Form filing requirements. That is why it is best to consult your tax advisor to determine thresholds that may apply in the state you belong.

In the circumstance that you submit an electronic substitute Payee Tax Form through your account, you may have the option to either have the Tax Form delivered virtually or via physical mail. All Tax Form(s) will utilize your unique account number connected to your account when you created it. Every affiliated tax reporting information will be reported exclusively to your account. Whenever you have an issue with your reported Tax Form, please do not hesitate to connect with us with the proper details of the issue, so we can resolve it right away.

Users are not allowed to transfer their accounts to other individuals. We encourage every user to monitor their account, gross sales, and transactions over the course of the calendar year. All tax reports, statements, and documentation provided by us at SOSILE E-COMMERCE LTD do not constitute, nor should be construed as, legal or tax advice. It is best to consult your tax advisor, accountant, or Internal Revenue Service, for assistance when it comes to utilizing your Tax Form when filing tax returns. We may hold, remit, and report user funds if it receives a government notice or as part of a government process.