# IRS Compliance management with Trolley

## Add Trolley, stay compliant with IRS regulations

Stay on top of changing thresholds for forms 1099 & 1042 production and delivery.

With Trolley, you can automate your IRS compliance management process when paying within the US and anywhere else globally. Save time with our self-service approach to generating recipient W-8s and W-9s, automatic activity allocation, and EoY filing.

## Key features of our IRS compliance product​

Collect info for Forms W-8, W-8 BEN, and W-9 directly from recipients with a self-serve tool.

Generate tax records on each payout and withhold taxes as needed.

Enjoy automatic income classification and payment allocation.

Generate Forms 1099-K, 1099-NEC, 1099-MISC, & 1042-S for every recipient.

E-file directly with the IRS within minutes.

### Digital W-8 & W-9 collection and earnings allocation

Whether you use Trolley’s white-label portal or embedded widget, it’s easy to securely collect payee identification and tax information.

- Securely collect and store Forms W-8 and W-9 following IRS requirements.
- Validate TINs including SSN, EIN & FTIN.
- Every three years, W-8 forms expire, and a new one is automatically requested.
- Withholdings are automatically updated as tax regulations change.
- Multiple income types are supported: services, rent, royalties, tax exempt, etc.
- Single payments can be split and allocated to multiple income types.

### Generate EoY reports in minutes and e-file with the IRS

Streamline statement generation and filing (1099 & 1042-S) with automated year-end tax reporting. Comply with the IRS's regulations for contractor, non-employee, royalty, and other forms of income.

- Central hub to maintain completed tax forms for IRS audits.
- Generate year-end Forms 1099 and Form 1042-S for e-filing.
- EoY 1099-MISC, 1099-NEC, 1042-S, & 1099-K reporting with statements delivered via a click.
- Deliver recipient statements digitally or through physical mail.
- Support for returned payments and statement correction.

### 1099-K: Comply with the IRS’s changing thresholds

With gross payment and transaction thresholds changing over the next few years, EoY tax statements for your US-based marketplace should increase exponentially. Trolley's payouts solution offers native tax support for IRS Form 1099-K.

- Manage higher volumes of Form 1099-K with automated onboarding, payment tracking, and EoY filing.
- Consolidate pay and tax workflows.
- Say goodbye to the worries of constant updates, maintenance, and tech debt.
- Manage all your recipient data, payouts data, and tax data from a single platform and reduce errors across your systems.

### Keep up with regulations without the dev work

With ever-changing regulations, keeping up with an in-house tax product can distract from your core offering. Trolley Tax ensures you are always up to date and those ever-changing regulations never affect your business continuity.

### Scale your business globally

Expand across borders without the headache of global regulations. Trolley’s Tax product also supports DAC7 compliance for EU-based sellers. Collect tax information, make regular payments, and generate EoY reports ready to submit to authorities in any of the 27 EU member states.

- Simple tax info collection with our self-serve tool, tailored for EU sellers.
- Support for all four activities reportable under DAC7.
- Per-payout tax records for efficient EoY processes.
- XML reporting file generation in line with cross-Europe DAC7 standards.
- Navigate US and EU regulatory landscapes from a single platform. [Coming soon]

### An all-in-one solution for the internet economy

With Trolley, your teams can save nearly 80% of the time spent managing administrative tasks related to contractor payouts and taxes. Plus, our simple-to-understand pricing means fewer fees and FX surprises.

- Send global payouts to 210+ countries and territories.
- Save time with self-service vendor onboarding.
- Built-in identity verification, KYC, and fraud prevention.
- Automatic contractor tax management and filing for the US and EU.
- Sync data with your ERP and other tools.
- An all-in-one toolkit of enterprise-grade features and volume-based advantages.

## Send fast payouts, simplify your tax process, and sync your tools with one platform

Let Trolley take care of payouts, so you can focus on what really matters: growing your business.