Urgent: Stripe taxes + Stanford review

[mbernst]

We spent a lot of time setting up a relationship between Stripe and Stanford that allows Daemo to operate under the aegis of Stanford as a research project. We received an email yesterday from Stripe stating that it is preparing to send its yearly tax information to workers, and we need to follow up and make sure that everything is compliant given the discussions we had with Stanford and Stripe.

Proposal

We will reach out to the appropriate parties at Stripe and Stanford and confirm one last time that everything is all set. This may involve email and/or phone calls. We will fix anything necessary to ensure that things are compliant. Stripe wants the information all in by January 8th, so we need to act fast.

Due to the urgency, I am marking this as an URGENT proposal, deadline Sunday 1/7 11:59pm Pacific.

Implications

Short-term: interactions with Stripe and Stanford's general counsel office.

Person or People Who Added the Proposal to GitHub

@mbernst

These names don't indicate that the person came up with this idea, unless explicitly mentioned.

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[shirishgoyal]

Can we also seek and go through the email template Stripe is planning to use to send to all workers as part of this proposal?

[mbernst]

@shirishgoyal Sure, happy to ask.

[mbernst]

I will send the following later today, feel free to suggest edits.

[Recipient names],
Thanks for all of your help in during the past months helping us set up a research collaboration for the Daemo Crowdsourcing platform between Stripe and Stanford. All is well so far and no issues are anticipated.

In our discussions, we talked about how Daemo serves as a connection between parties that are seeking to post tasks to the platform and others who are doing the tasks in exchange for funds. We discussed how this relationship — not involving Stanford as an employer of the workers on the platform — was important to Stanford to enable the research to proceed under Stanford's umbrella. As a part of this relationship, we are working to facilitate the receipt of tax documents necessary for this year filing.

We recently received an email from Cristina about Stripe's plan to send tax forms to any workers and a 1099-K to us. Here is a copy for your awareness:

Happy 2018! As 2017 accounting came to a close, we hope you've had a successful year with Stripe. Tax season is upon us, and over the next two weeks, we'll be generating your 1099-K. Your form will be ready to download from your Stripe Dashboardby January 31, 2018.

In the meantime, we recommend making sure going over the following details in Daemo crowdsourcing's Stripe account:

Update Legal name, Entity Type, and Federal Tax Identification Number (TIN) if needed.

Review business address and telephone number.

I would like to confirm with you that this is compliant with the discussions we had. (I'm not sure what is to do be done with this 1099-K.) In addition, I would like to confirm what (if anything) needs to happen to ensure that the people receiving money on the platform receive any tax forms they require.

Thank you,
Michael

[qwertyone]

Suggestions made.

[markwhiting]

@mbernst Perhaps fix this typo and optionally add context:

(I'm not sure what is to do be done with this 1099-K.) → (I'm not sure what is to be done with this 1099-K once I receive it.)

[mbernst]

Sent!