DANCE SECONDS MARKETPLACE POLICY
Tax & Seller Verification Readiness
The controls required for payment processing, tax collection, and seller verification.
Sales tax
A marketplace facilitator may have to register, calculate, collect, file, and remit sales tax based on the laws of each destination state. Georgia currently requires qualifying marketplace facilitators to collect and remit Georgia sales tax when their combined Georgia-sourced taxable sales meet the state threshold. Dance Seconds does not currently collect tax or process card payments through the reservation step.
Seller income reporting
Sellers are responsible for determining and reporting taxable income, including any gain on personal property. Payment processors or marketplaces may issue Form 1099-K or other tax documents when required and may issue them below the federal threshold. As of this policy date, current IRS guidance describes the federal TPSO threshold as more than $20,000 and more than 200 transactions, but tax rules can change and state thresholds may differ.
INFORM Consumers Act
Dance Seconds must monitor when a seller meets the legally applicable high-volume third-party seller criteria, collect and verify required bank, tax, and contact information, require current annual certification where applicable, make required consumer disclosures, provide electronic and telephone suspicious-activity reporting, and suspend noncompliant sellers when the law requires it.
Payment onboarding
Seller payouts must use a marketplace-capable payment provider that performs identity and bank verification. Dance Seconds will not store raw card numbers or unprotected bank credentials in its marketplace database.