Kindly note that we are unable and do not provide any tax advice to organizers.
If you are collecting funds through WeTravel, we must comply with reporting requirements to the United States Internal Revenue Service. As per these requirements, WeTravel will issue a 1099-K form if and ONLY if a user (a) collects more than 200 transactions a year on WeTravel, AND (b) collects over USD 20,000 worth in a year on WeTravel. If the user does not meet this criteria, we will not issue a 1099-K report to the IRS.
Transactions in other WeTravel-supported currencies (EUR, GBP, AUD, CAD, ZAR) will be converted to USD at the applicable foreign exchange rates recognized by the IRS.
More about the 1099-K form and process can be found here: https://www.irs.gov/businesses/understanding-your-1099-k