Is this legit? Please let me know!!!!👑🔥

Okay so I am new to TikTok live and I have been making a good amount of money, about $10k my first month, I joined an agency, not one of the fake lion ones, but one with real humans lol, my manager texts me on snap, discord etc. drops big on my live, and has sent me hundreds of dollars in extra payouts so far.

She asked me to be a manager a few weeks back, invited me to be one, I accepted and started recruiting people, my team has made a lot of money so far. And she has PayPal’d me a lot of money. She is telling me I need to fill out a W2 form, and send it back to her, because she has sent over $600 and that’s what tiktok and IRS requires since they are an “independent contractor” Does anyone know if this is safe? Does this seem fishy? Or am I just overthinking it?