W-9 Requirement FAQ

 

Q: Why do I have to complete a W-9 form?

A: Federal Regulations require TCGplayer to collect W-9 tax information prior to issuing any form of payment to sellers, including those who receive their payments in the form of TCGplayer store credit or to their Buylist Withholdings. In order to ensure that we're in compliance with these regulations, we require all sellers to complete a digital W-9 Tax form.

Q: What if I have more than one account for selling on your site? 

A: At this time a W-9 will need to be filled out for each account. Information is not shared across multiple accounts to ensure your information is secure. If you have multiple accounts with different Tax IDs, please ensure that the correct Tax ID is associated with its proper business account. Every Tax ID should have its own W-9 form on file. 

Q: Who is going to have access to this information?

A: Your security and privacy are of the utmost importance to us. We have multiple security measures in place to protect your personal data. Rest assured your information is safe, and that only our Finance Team will have access to your submitted information to ensure that it is entered correctly and complies with Federal regulations. 

Q: I am not a U.S. resident but I live in the U.S., how do I fill out the W-9?

A:  IRS regulations require non-U.S. taxpayers to provide Form W-8BEN to TCGplayer in order to be exempt from U.S. income tax withholding requirements. Please note that we only allow stores/individuals to sell on our site if they are located in the U.S. We are not accepting sellers located outside of the U.S. at this time. 

Q: How can I update my W-9 after I’ve submitted it?

A: Starting May 12th, you will be able to update your information right from the Seller Portal. 

Q: Will this affect how I file my taxes? 

A: Tax situations can differ for each individual and business. Any specific questions related to changes or impacts on your taxes should be discussed directly with a tax expert.

 

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