Sales Tax
You will be charged sales tax (based on your shipping address) on the retail value of each piece you order. Paparazzi is required to do this. This is intended to ensure that each state tax agency is made whole on any potential sales from the transactions of that wholesale product. The sales tax is charged at the local level of the place where the order is shipped. Paparazzi collects these taxes at the time of wholesale inventory purchase and remits it to the state on behalf of the Retail Sale that the Consultant may now have.
This also allows the Paparazzi Consultant the option of charging their local taxes on their Customer
transactions and recuperate that cost, or absorbing it into their business structure; while at the same
time not bringing any uncovered sales tax liability on Paparazzi or the Consultant.
Income Tax
As an independent contractor, Independent Consultants will receive an IRS Form 1099
(Non-Employee Compensation) earnings statement if they are a U.S. resident that has earnings of over $600 paid from Paparazzi in the previous calendar year.
The Independent Consultant is solely responsible for paying local, state, and federal taxes on any income generated as an Independent Consultant. A copy of all IRS Form 1099s that are generated as a result of the criteria above will be remitted and sent to the United States Internal Revenue Service for the applicable tax year.
If at any point the Federal Tax Information (name, SSN, EIN, etc.) provided by the Independent Consultant is wrong or contains an error, Paparazzi may hold all future earnings until the error is rectified within Paparazzi’s records and the correction is remitted to the IRS; in these circumstances, pending the severity of error, the Consultant may be subject to be liable for any fines incurred by excessive errors submitted to the IRS.
You will be charged sales tax (based on your shipping address) on the retail value of each piece you order. Paparazzi is required to do this. This is intended to ensure that each state tax agency is made whole on any potential sales from the transactions of that wholesale product. The sales tax is charged at the local level of the place where the order is shipped. Paparazzi collects these taxes at the time of wholesale inventory purchase and remits it to the state on behalf of the Retail Sale that the Consultant may now have.
transactions and recuperate that cost, or absorbing it into their business structure; while at the same
time not bringing any uncovered sales tax liability on Paparazzi or the Consultant.
Income Tax
As an independent contractor, Independent Consultants will receive an IRS Form 1099
(Non-Employee Compensation) earnings statement if they are a U.S. resident that has earnings of over $600 paid from Paparazzi in the previous calendar year.
The Independent Consultant is solely responsible for paying local, state, and federal taxes on any income generated as an Independent Consultant. A copy of all IRS Form 1099s that are generated as a result of the criteria above will be remitted and sent to the United States Internal Revenue Service for the applicable tax year.
If at any point the Federal Tax Information (name, SSN, EIN, etc.) provided by the Independent Consultant is wrong or contains an error, Paparazzi may hold all future earnings until the error is rectified within Paparazzi’s records and the correction is remitted to the IRS; in these circumstances, pending the severity of error, the Consultant may be subject to be liable for any fines incurred by excessive errors submitted to the IRS.
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