Bounty payments on Algora are classified as contract work (non-employee compensation).

If you are a:

πŸ‡ΊπŸ‡Έ Company

You are all set! βœ…

Algora takes care of submitting 1099 forms to the IRS so you don't have to πŸ’―

πŸ‡ΊπŸ‡Έ Developer

Algora makes an information disclosure to the IRS and your state about your earnings.

All you have to do is report your earnings when filing your federal & state taxes. πŸ’Έ

By end of January every year you will be receiving a 1099-NEC Form from Algora summing up your earnings from last year. This is to help you report the exact amount you earned when filing your taxes.

🌍 International

Company / Developer

Please follow your country's rules for reporting contractor payments & contract work compensation.

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