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They say because i am part of the content they needed my info too Once we got approved they gave us a w9 to fill out and i am curious about line 3 Do she put individual or partnership, and do i also need to fill out a w9 When you are in business together with another person, you have a partnership.
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I hope you get the general idea on how onlyfans works If you have any questions that i didn't answer, comment them. These taxes get deducted from your earnings made by selling content on onlyfans It's almost certainly something onlyfans is choosing to implement, because dealing with incorrect w9 info after the fact can be pretty annoying for onlyfans
They're not checking against some irs database or anything. I'm going to be making adult content on a website called onlyfans It requires me to fill out a w9 I want to make sure i'm doing it right no
You are still a sole proprietor or independent contractor and self employed
That is probably just their fee or commission When you file your tax return and fill out schedule c you either enter 100% as income and expense their 20% fee or enter your. To my knowledge, i cannot edit the line that has my name as onlyfans has already had that filled out for me with the information from submitting my verification application. How to properly complete your onlyfans w9 tax form as a content creator
The questions are asking what is the business name and federal tax classification Is the business name my name or onlyfans Since technically the site is the middle man with the money
