If you’re a Fiverr user who’s received payment for your services, you may need to fill out an IRS W-9 form. This form is used to gather information about a person or entity that will be paid by another person or entity. In this case, Fiverr will use the information on your W-9 form to prepare a 1099-MISC form at the end of the year, which will be used to report your earnings to the IRS.
What is an IRS W-9 form?
An IRS W-9 form is a form used to gather information about a person or entity that will be paid by another person or entity. It’s often used by businesses that need to report payments made to independent contractors, freelancers, or other non-employees to the IRS. The form collects the payee’s name, address, tax identification number (either a Social Security number or an employer identification number), and other relevant information.
Why do you need to fill out an IRS W-9 form for Fiverr?
As a Fiverr user, you may be considered an independent contractor or freelancer, depending on the nature of the services you provide. If you earn more than $600 from Fiverr in a calendar year, Fiverr is required to report those earnings to the IRS using a 1099-MISC form. To do that, Fiverr needs your taxpayer identification number (TIN), which is either your Social Security number or an employer identification number (EIN) if you have one. Filling out a W-9 form provides Fiverr with the information they need to prepare the 1099-MISC form accurately.
How to fill out an IRS W-9 form for Fiverr?
The IRS W-9 form is a relatively simple form that can be completed in just a few minutes. Here’s how to fill out the form for Fiverr:
- Download the IRS W-9 form from the IRS website.
- Enter your name in the “Name” field. This should be the name that’s associated with your Fiverr account.
- If you have an EIN, enter it in the “Business name” field. Otherwise, leave it blank.
- Enter your address in the “Address” field. This should be your physical address, not a P.O. Box.
- Enter your taxpayer identification number (either your Social Security number or EIN) in the “Taxpayer Identification Number” field.
- If you’re exempt from backup withholding, check the box in the “Exemptions” section.
- Sign and date the form in the “Signature of U.S. person” and “Date” fields.
- Save a copy of the completed form for your records.
Once you’ve completed the form, send it to Fiverr according to their instructions. You may be asked to upload the form to your account or send it via email.
Filling out an IRS W-9 form for Fiverr is a straightforward process that can help ensure your earnings are reported accurately to the IRS. By providing Fiverr with the necessary information, you can help prevent any issues that may arise from inaccurate or incomplete reporting. If you have any questions about filling out the form, don’t hesitate to contact Fiverr or consult with a tax professional.