Hi @jamiebencosme,
Welcome to the PayPal Community! That's a great question. Currently, we do not have the option of deducting taxes from the transactions you receive to pay the IRS. If you meet the threshold to receive a 1099-K form, it would be best to work with a tax professional for further assistance. I have included a Help Center article that has a bit more information:
Common US IRS Tax Questions 1099-K, B-Notice, and FATCA.
I hope you find this information useful.
- Marina
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