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Normally validation occurs when you request your first withdrawal since validation costs 3 dollars.

Your tax information is on file and your account is ready to accept payments. Your tax information must pass validation before you can collect your earnings through a payout. Validation is a one-time process that will happen when you open your first payout request from your dashboard.
https://itch.io/t/2627180/tax-information-waiting-for-validation

Thank you for the information! I'm going to report again if the validation of the tax information somehow takes a long time to process after the first initiated payout. The post you've referred to doesn't state how long validation after the first payout initiation usually takes. Hopefully everything will work out fast and just fine.