So you’ve signed up as an OnlyFans creator, and now you’re being asked to fill out something called Form W-9. If you’re not too versed in US tax law, you might be thinking “what the heck is this?” – well have no fear, we’re here to break it all down for you!
What is Form W-9?
Form W-9 is an IRS tax form that is requested by entities who must prepare and file any combination of US tax information returns with the IRS. Form W-9 is similar to a questionnaire and provides the entity (ie. OnlyFans) with sufficient information to prepare tax forms for the freelancer or contractor (you!).
What Information is Provided on Form W-9?
Form W-9 collects essential information necessary for a payer entity to prepare correct tax forms for contractors, including:
- Business name (if applicable)
- Taxpayer identification number (TIN)
- Tax classification of contractor
- Any tax exemptions applicable
How to Complete Form W-9 For OnlyFans
When you become a creator on OnlyFans, you will need to complete Form W-9, which provides OnlyFans the information necessary to pay you and provide tax documents at year end (ie. Form 1099-NEC). As a sole proprietor, you would fill this form out as yourself in your personal capacity. To access this form, go to the “Banking” section of your OnlyFans settings. Click “edit W-9 form” to access your Form W-9.
Box 1: Name – this would be your first and last name on file with the IRS
Box 2: Business name – this would be left blank in most cases for sole proprietors
Box 3: Federal tax classification – you would check off the first option, “Individual/sole proprietor or single-member LLC”
Box 4: Tax exemptions – leave this blank
Box 5 & 6: Address – complete this with your address
Part I: Taxpayer Identification Number (TIN) – your social security number (SSN) will serve as your identification number – you do not need to obtain an employer identification number (EIN) as a sole proprietor
Part II: Certification – read and agree to the certification and attach your e-signature once done
Scroll all the way down and click “Send”.
How do OnlyFans creators pay taxes? See our U.S. Tax Guide