Do I need to pay taxes on the profits I earn through shiftMD?

The short answer is: Yes. You are responsible for the taxes on all profits generated through the app. Once a shiftMD account reaches $600 or above in earnings for the calendar year, shiftMD will supply the account holder with a Form 1099-MISC. This form will also be sent to the IRS to report the income earned. By the end of January, shiftMD will send out 1099 Forms that state the dollar amount earned through the app, so you can include this income with your normal tax reporting.

shiftMD users are able to track payments earned at all times. Simply open the app, go to Store Activity, and then tap Earnings.