Dear All
My friends and I are going to start a paid discord group. It seems like we need to my paypal account to collect subscription fees from our customers and distribute the money to my friends. However, I am worried about the tax consequence. For example, I receive $50k from our customers and send out $45 k to my friends who work together. How much income do I have to report to IRS? Do I have to report 50k? Or, is there some way I can report to IRS that only 5k goes into my pocket?
Thank you!
