Yes. The IRS requires that all tax compliant companies provide compensation related information with respect to their independent contractors.
If we choose not to continue with VIPKID, will you still disclose our information?
Yes. All historical tax data (including names and amounts paid) from 2016 forward, for all of our contractors who provided services in a tax year are required to be disclosed.
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Internal Revenue Service
Will VIPKID give information directly to the IRS?
Yes. The IRS requires that all tax compliant companies provide compensation related information with respect to their independent contractors.
If we choose not to continue with VIPKID, will you still disclose our information?
Yes. All historical tax data (including names and amounts paid) from 2016 forward, for all of our contractors who provided services in a tax year are required to be disclosed.