In the next few day, some of you will see that we (Fiverr) will be asking sellers who are defined as a US Person* to complete a W-9 form regarding their activity on Fiverr.
You will receive a notification on the Fiverr website and an email message asking you to check your status within 30 days, in a form of a short questionnaire.
If in fact you are classified as a US Person*, you will undergo a short process in which you will fill in Form W-9 that contains standard business information to include your contact information, full address and tax forms.
Fiverr will not use the information submitted as part of filling the Form W-9 for any purpose, apart from sending a 1099 form at the end of the year to the applicable tax authorities and update your billing address on Fiverr.
Please note that all sellers are required to check if they need to fill out a Form W-9, regardless of their place of residence. By not doing so, within 30 days, your Gigs will be subject to automatic deactivation.
Please read this article carefully for all the information.
Why are you doing this?
When Fiverr is required under applicable laws, it will send a 1099 form at the end of the year to the applicable tax authorities. Currently, this applies to US-based sellers who earned at least $20,000 in that year and had at least 200 separate orders.
Is “tip” considered a transaction?
Any transaction, including tips is counted toward the 200 transactions. An order and a tip are each seperate transatctions.
Is this for money earned or money withdrawn?
Will Fiverr will start to display our legal names anywhere, or is this all internal only?
In certain circumstances, we may disclose the data in your W-9 form, with applicable US tax authorities, or as otherwise required by applicable law. None of this information will be displayed publicly on Fiverr.
Please leave additional questions below.
*For a definition of “US Person” please read more here: https://www.irs.gov/individuals/international-taxpayers/classification-of-taxpayers-for-us-tax-purposes