Overview
Yes — you are responsible for paying taxes on any payouts you receive.
FundingPicks does not handle, deduct, or report taxes on your behalf.
Your Tax Responsibility
As a user of FundingPicks:
You are considered an independent contractor
You are fully responsible for declaring and paying your taxes
Tax obligations depend on the laws in your country or state
FundingPicks does not:
Withhold taxes
File reports for you
Provide tax calculations
What this means for you
You must report your earnings according to your local regulations
You are responsible for any applicable taxes on payouts
Requirements may vary depending on your jurisdiction
Recommendation
To stay compliant, it’s strongly recommended to:
Consult a qualified tax professional or accountant
Understand how payouts are classified in your country
Keep records of your payouts and activity
This ensures you handle your obligations correctly and avoid potential issues.
FAQs
Does FundingPicks deduct taxes from my payouts?
No. All payouts are made in full — you are responsible for handling taxes yourself.
How do I know how much tax to pay?
This depends on your local tax laws. A tax professional can help you determine the correct amount.
What happens if I don’t report my payouts?
Failure to report income may lead to penalties depending on your country’s regulations. It’s your responsibility to stay compliant.