The information contained on this website is a summary of certain United States federal income tax rules relating to the reporting and taxation of payments processed by Payable. This discussion is based upon the provisions of the Internal Revenue Code, Treasury Regulations promulgated thereunder, judicial decisions, and published rulings and administrative pronouncements of the Internal Revenue Service, all as in effect as of the date hereof.  These authorities may change, possibly with retroactive effect.  Any such change in the law could alter or modify the statements and conclusions set forth on this website.  The summaries included on this website do not purport to deal with all aspects of U.S. federal income taxation that may affect you in light of your individual circumstances.  The information contained on this website does not address any reporting or tax consequences under state, local or foreign tax laws. 

The tax discussion on this website is included for general information only.  It is not intended to be, nor should it be construed to be, legal or tax advice to you.  ACCORDINGLY, YOU ARE URGED TO CONSULT WITH YOUR OWN TAX ADVISERS REGARDING THE SPECIFIC TAX CONSEQUENCES OF YOUR PAYMENTS PROCESSED BY PAYABLE IN LIGHT OF YOUR PARTICULAR CIRCUMSTANCES, INCLUDING THE APPLICABLE FEDERAL, STATE, LOCAL AND FOREIGN TAX CONSEQUENCES.