Effective Date: October 14, 2025

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This FAQ explains why Ya’Mar may request tax information from sellers, what information may be required based on your location, how tax reporting works, what forms Ya’Mar and/or its payment processors may issue, and how tax compliance may affect payouts and seller activity. This document is provided for informational and operational purposes only and does not constitute legal, accounting, customs, financial, or tax advice. Tax verification, payout processing, identity verification, tax form collection, tax reporting, withholding obligations, and related compliance services may be facilitated through third-party payment processors and service providers including Stripe and affiliated partners.

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Why does Ya’Mar request tax identification information?

Ya’Mar may be legally required to collect tax-identifying information from sellers who meet applicable reporting thresholds or compliance requirements in order to comply with tax reporting laws, payment processor requirements, anti-fraud obligations, payout verification requirements, or financial regulations. In the United States, this may include reporting obligations related to Form 1099-K. Similar reporting, withholding, or verification obligations may apply in Canada, the United Kingdom, the European Union, or other supported jurisdictions.

Collecting accurate tax information helps reduce payout interruptions, verification delays, compliance-related restrictions, reporting errors, or withholding actions and helps ensure that payouts may continue in accordance with applicable laws and payment processor requirements. Reporting thresholds and tax form requirements may vary by jurisdiction and may differ depending on seller location, payout totals, transaction volume, payment processor requirements, applicable law, or regulatory guidance.

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What tax information may be required?

The information requested depends on your country of residence, seller activity, entity type, payment processor requirements, and applicable tax regulations.

Ya’Mar may request:

• Legal name or registered business name recognized by tax authorities

• Tax identification number

• U.S. sellers: SSN, ITIN, or EIN

• Canadian and U.K. sellers: applicable local tax identification numbers

• Mailing address or registered business address

• Tax classification such as individual, sole proprietor, partnership, corporation, LLC, or other entity type

• Entity-specific information including EIN, DBA or trade name, beneficial ownership details, or registered business information

• Verified contact information including email address and phone number

Additional documentation may be requested where reasonably necessary for identity verification, fraud prevention, payout verification, tax compliance, seller verification, anti-money laundering compliance, customs compliance, or regulatory obligations. Sellers are solely responsible for ensuring submitted tax information is accurate, complete, current, valid, and legally compliant.

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What is the difference between a W-9 and a 1099-K?

A W-9 (or local equivalent tax form) is submitted by the seller to Ya’Mar and/or its payment processors. It provides tax identification information used for verification, payout processing, compliance review, withholding determinations, and tax reporting purposes. A 1099-K is a tax reporting form that Ya’Mar and/or its payment processors may issue to eligible sellers and the IRS when reporting thresholds or legal reporting requirements are met. The 1099-K generally summarizes gross payment transactions processed through the Platform during the applicable reporting year.

Equivalent tax reporting forms or reporting systems may apply in jurisdictions outside the United States.

Ya’Mar does not prepare, file, or submit income tax returns on behalf of sellers. Sellers remain solely responsible for reporting income, filing taxes, maintaining records, calculating deductions, and complying with applicable tax laws.

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Does Ya’Mar send tax forms to sellers?

Where required by applicable law, Ya’Mar and/or its payment processors may issue applicable tax reporting forms, including Form 1099-K in the United States, to eligible sellers and the appropriate tax authorities.

Delivery timelines, reporting thresholds, filing requirements, and delivery methods may vary depending on jurisdiction, payment processor requirements, regulatory obligations, account activity, or applicable law.

Tax forms, tax notices, withholding notices, verification notices, and related communications may be delivered electronically through email, downloadable account documents, Platform notifications, seller dashboards, or Platform messaging systems where permitted by law. Sellers are responsible for reviewing all issued tax forms for accuracy and using those forms appropriately when preparing their tax filings.

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How often do I need to update my tax information?

You may be required to confirm, review, or update tax information:

• Annually where required

• Whenever there is a change to your legal name, business name, address, tax classification, entity structure, or tax identification number

• When requested during payout verification, seller verification, fraud prevention reviews, compliance reviews, or regulatory reviews

Keeping tax information current helps reduce payout interruptions, withholding actions, reporting inaccuracies, or verification delays.

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What if I am a sole proprietor or single-member LLC?

If you operate as a sole proprietor, you may provide your SSN, ITIN, or EIN where permitted under applicable tax rules.

If you operate a single-member LLC treated as a disregarded entity for tax purposes, you may provide an EIN; however, additional individual tax information may also be required depending on applicable reporting obligations, payment processor requirements, or tax regulations.

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What about non-U.S. sellers, FATCA, or foreign tax rules?

Sellers located outside the United States may be required to submit country-specific tax forms, withholding forms, declarations, or tax identification numbers depending on local tax laws and reporting obligations.

Where applicable, Ya’Mar and/or its payment processors may request additional information to comply with international tax reporting obligations, anti-money laundering requirements, withholding obligations, sanctions compliance obligations, or U.S. foreign reporting requirements including FATCA. Required documentation, withholding rules, reporting thresholds, payout requirements, and verification procedures may vary depending on seller location, account activity, transaction volume, jurisdiction, or regulatory requirements.

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What happens if I do not provide or update my tax information?

If required tax information is not provided, verified, completed, or updated within the requested timeframe, Ya’Mar and/or its payment processors may take one or more actions where reasonably necessary for legal compliance, payment processor requirements, fraud prevention, or regulatory obligations.

Actions may include:

• Temporary suspension of selling privileges

• Delayed or withheld payouts

• Backup withholding where required by law

• Restriction or disabling of account features

• Additional verification reviews

• Seller account limitations

• Compliance holds on transactions or payouts

Ya’Mar is not responsible for payout delays, restrictions, withholding actions, reporting consequences, or compliance limitations resulting from incomplete, inaccurate, outdated, unverifiable, or invalid tax information submitted by sellers.

Does Ya’Mar provide tax advice or file taxes for sellers?

No. Ya’Mar does not provide legal, accounting, customs, financial, or tax advice and does not prepare, calculate, or file tax returns on behalf of sellers. Sellers are encouraged to consult qualified tax professionals regarding reporting obligations, deductions, entity structure, resale certificates, VAT obligations, customs obligations, withholding obligations, digital goods taxes, international tax rules, or other tax-related matters.

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Can tax requirements or reporting rules change?

Yes. Tax laws, reporting thresholds, withholding requirements, filing obligations, verification procedures, payout requirements, payment processor requirements, and regulatory obligations may change at any time.

Ya’Mar reserves the right to modify tax collection procedures, verification requirements, withholding practices, reporting procedures, payout restrictions, compliance processes, or operational requirements as reasonably necessary to comply with applicable law, payment processor requirements, tax authority guidance, fraud prevention obligations, customs obligations, or regulatory requirements. Continued use of the Platform after updates take effect constitutes acceptance of the revised procedures and requirements where permitted by law.

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Need help or have questions?

If you need assistance submitting tax information or have questions regarding tax verification, withholding, payout restrictions, or reporting requirements, contact:

Ya’Mar LLC- Tax & Seller Verification Support
📧 compliance@yamarapp.com
United States