Version: 1.0
This document explains the year‑end tax information CGX users may receive. It is general guidance only—not tax or legal advice. Consult your tax professional.
1) Documentation Collected
- U.S. persons: IRS Form W‑9 (TIN/SSN/EIN).
- Non‑U.S. persons: IRS W‑8 series, as applicable.
- We rely on payment partners to process certain tax forms and thresholds.
2) Year‑End Information You May Receive
- CGX **Year‑End Statement** summarizing total funded amounts, distributions, fees, and adjustments for your reconciliation.
- Depending on payment flows and thresholds, payment partners may issue IRS forms such as **1099‑K**, **1099‑MISC**, or **1099‑INT** (as applicable).
3) Sellers (Cash Against Future Sales)
- You may receive **1099‑K** or other forms from the payment processor if you meet thresholds. Your Year‑End Statement helps reconcile activity with your accounting records.
- Revenue recognition for advances against future sales varies—work with your tax advisor.
4) Investors (Accredited)
- Earnings characterization depends on the instrument and applicable law. You may receive **1099‑MISC** or **1099‑INT** (as applicable) via our payment partners.
- Keep your tax profile current to avoid payout delays (valid TIN and tax status).
5) Backup Withholding
- If a valid TIN is not provided or you are subject to backup withholding, payments may be withheld at the IRS rate and reported to you on the appropriate form.
- Update W‑9/W‑8 details in your account settings to avoid withholding.
6) Accessing Your Documents
- We’ll email you when tax statements/forms are available.
- Download from Dashboard → Settings → Tax Documents.
- For corrections or reissues, contact support@usccgx.com.
7) Important Disclaimers
- This is general information only; CGX does not provide tax or legal advice.
- Reporting depends on your facts, entity type, state law, and payment‑partner rules.
- Consult a qualified tax professional regarding your situation.
8) Contact
- Support: support@uscgx.com
- Compliance: support@uscgx.com
