Will Medium store my personal information?
Medium does not store any personal information from the taxpayer forms in house.
Instead, Medium partners with Tipalti, a trusted payments partner, to collect and store any personally identifiable information from users. When you submit your taxpayer information on our page, it goes directly to Tipalti without ever entering Medium's system. Tipalti is SOC2 compliant for user data.
Once per year, Medium's finance team will generate and send 1099-MISC forms to writers who received cash earning. The 1099 form will come from a company called Track1099. Throughout this process, users' personal information will still not be stored on Medium's system.
Who is Tipalti?
Tipalti is a trusted payments partner to Medium (used by a number of other companies including Amazon, Twitter, Twitch, and more). Medium has partnered with Tipalti to securely and reliably collect and store personally identifiable information from users. When you submit your taxpayer information on our page, it goes directly to Tipalti without ever entering Medium's system.
Tipalti is SOC2 compliant for user data. SOC2 stands for Service Organization Control 2, which is a certification of security and privacy. The certification signifies that Tipalti undergoes regular audits to ensure their controls related to security, processing integrity, confidentiality and privacy are up to date.
Do I need to file my own earnings with the IRS?
If you have determined your earnings to be taxable, you will need to file your earnings each year when you report your income for taxes. In January of the new year, in which you earned and received payment from Medium for the prior year, you will receive a 1099-MISC form through email or paper mail. The IRS deadline for Medium to provide you a 1099-MISC is typically at the end of January for the prior year's tax period.
Please see our FAQ answer "Are My Earnings from Medium Taxable?" for more information.
Are my earnings from Medium taxable?
Please note we are not able to give advice on how or when you should file your taxes, or to determine what is taxable. We recommend that you contact a tax professional for any questions or recommendations.
Per IRS guidelines we will provide you a 1099-MISC tax form based on earnings thresholds for each year that you earned and received payment as part of our Partner Program. While generally most 1099-MISC are considered taxable income, we can not provide you with tax guidance. If you have any questions, we recommend that you contact a tax professional.
Is Medium withholding a percentage of my earnings for taxes?
No, Medium will not withhold any of your earnings for taxes. You will receive full payment to match the amount listed in your partner dashboard. Accordingly, you will be required to file your earnings each year when you report income for taxes.
Additionally, Medium will not issue any payments until you have successfully submitted your tax information and your information has been verified.
Do I need to enter my taxpayer information if I do not live in the U.S.?
Yes, you are still required to enter your information, in compliance with U.S. law.
The reason why you must provide your non-US based taxpayer information is so that we can validate that you are not a US taxpayer and that Medium does not need to report your earnings to the Internal Revenue Service.
If you are not a US taxpayer you will most likely need to complete one of the W-8 forms for the above mentioned purpose. If you are not sure which one, click "Start the tax form questionnaire" within the form. Or you can consult the IRS's W-8BEN instructions for non US based guidance.
Will I see any changes on my Partner Program dashboard once I submit my tax information?
As of now, you will not see any changes to your Partner Program dashboard. However, we have added a helpful link to your taxpayer information form from your dashboard, to enable you to easily modify your taxpayer information.
Will your "verification process" hurt my credit score?
No. The verification process is only to ensure the tax forms are issued with the correct information and has no bearing on your credit.
The tax information you provided is verified through the IRS Taxpayer Identification Number (TIN) Matching Program. This Program confirms your legally given name, legal company name not the "Doing Business As" name (if applicable), correct taxpayer ID (SSN or EIN) and complete address all match per the IRS.
What happens now that you have verified my tax information?
Once your tax information has been verified, you will receive a second email confirmation. If, for some reason, your tax information is not validated, we will send you an email asking you to revisit any errors.
Once you have generated earnings in our Partner Program, we will issue your payments per our payment schedule. Then, in January of each year in which you earned and received payment from Medium, you will receive a 1099-MISC form.
We prefer to electronically provide your tax forms, so you will receive an emailed invitation to accept the electronic format. In case you chose to not accept it electronically, we will paper mail your tax form by the IRS deadline. The IRS deadline for 1099-MISC is usually around January 31st of the new year, for the prior year tax period.
There is nothing you need to do to initiate us sending your 1099-MISC. We will submit it to you automatically, as long as you earned in the Partner Program and received the payment.
Why was my taxpayer information rejected?
If you received an email notifying you we were not able to verify your taxpayer information, please review your submission and make the necessary correction(s).
The tax information you provided is verified through the IRS Taxpayer Identification Number (TIN) Matching Program. Please ensure you have provided your legally given name, legal company name or "Doing Business As" (if applicable), correct taxpayer ID (SSN or EIN) and complete address.
Once resubmitted you will receive an email confirmation from us stating you have submitted your taxpayer information.
Please note that it may take up to a few days for us to validate your resubmitted information. You will receive a second email notification once your new information has been validated. If, for some reason, your tax information is still not validated, we will send you an email asking you to revisit any errors.
I modified my tax information after it was validated. What will happen?
If you modify tax information that was previously TIN validated, then we will need to verify the new information as well.
If your new information is verified, then you will continue to earn as before. Note that it may take up to a few days for us to validate your new information, upon which you will receive email notification.
If your new information is not able to be verified, then we will begin withholding your earnings and will send an email to notify you of your TIN status. On that date, we will begin tracking your earning timeline, meaning that you will have 28 days to submit verified information until you stop accruing new earnings, and 180 days until you forfeit your withheld earnings.
I'm being told to fill out the 8233 Tax Form but Medium doesn't accept it.
Tipalti's questionnaire might suggest that you fill out the 8233 tax form in certain cases. Medium can't accept that form. If you're finding yourself in this situation, please watch this screencast. If the screencast does not help you, feel free to contact our support team by emailing firstname.lastname@example.org.