ZeroPoint — Tax & Compliance (US traders)

General

Why does ZeroPoint collect tax information from U.S. traders?

ZeroPoint is required to comply with U.S. IRS information-reporting rules when paying U.S. persons. If you are a U.S. trader and receive a Performance Reward from ZeroPoint, we may be required to collect a W-9 form and issue a 1099-NEC if your total withdrawal amount exceeds $600 in a calendar year.

Who needs to submit a W-9 form?

Only U.S. citizens and U.S. residents requesting a withdrawal may need to submit a W-9 form. Non-U.S. traders do not need to submit any tax forms to ZeroPoint. Check your dashboard and region for requirements.

When do I need to submit my W-9?

You may be prompted to submit a W-9 before your first withdrawal request. If you are an existing U.S. trader and have not submitted a W-9 yet, you may be asked to upload it before requesting a withdrawal.

What happens if I don't submit a W-9?

If a valid W-9 is not on file where required: you may not be able to request withdrawals, and your withdrawal request may remain blocked until the W-9 is approved.

1099-NEC

A 1099-NEC is an IRS information form that reports non-employee compensation paid to U.S. individuals during a calendar year. If applicable, your 1099-NEC may be generated after the end of the calendar year and delivered by January 31, available via email and in your ZeroPoint Dashboard under Tax Documents. Your 1099-NEC includes all Performance Rewards paid to you between January 1 and December 31 of the applicable year.

ZeroPoint does not provide tax advice. We recommend consulting a qualified tax professional for guidance on filing your personal tax return. Non-U.S. traders do not receive tax forms from ZeroPoint for U.S. reporting.