by Okfans

How to Fill Out Form W-9 As A Content Creator

Jul 20, 2022
So you’ve signed up as an Okfans creator, and now you’re being asked to fill out something called Form W-9. 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. Okfans) 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:
  • Name
  • Business name (if applicable)
  • Address
  • Taxpayer identification number (TIN)
  • Tax classification of contractor
  • Any tax exemptions applicable

How to Complete Form W-9 For Okfans

When you become a creator on Okfans, you will need to complete Form W-9, which provides Okfans the information necessary to pay you and provide tax documents at the end of the year (ie. Form 1099-NEC). As a sole proprietor, you would fill this form out as yourself in your personal capacity. You will not receive a Form W-2 as an Okfans creator, as you are deemed to be a contractor and not an employee for tax purposes.

W-9 form for content creators

To access this form, go to the main menu -> “Withdrawals”, 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
  • For your Okfans W9, business name is left blank for most people.
  • 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

Do Okfans creators have to pay taxes?

Yes, Okfans creators have to pay taxes on all income associated with being a creator. Income attributable to an Okfans business may include subscription revenues, pay-per-view sales, and tips.

Okfans will provide you with a 1099-NEC if they’ve paid you over $600 in the calendar year. You can download this completed form from your Okfans account. Ensure that you save this tax form for tax preparation as the IRS will also have a copy and will expect you to report this income on your tax return!

Will the 1099-NEC that Okfans sends me, say “Okfans” anywhere on it?

No, the 1099-NEC will be issued by a company called “AA ENTERTAINMENT LTD”, which is the parent company of Okfans.

Do I need an EIN for Okfans?

No, you don’t need an EIN (employer identification number) for Okfans. You can simply use your SSN (social security number) as your tax identifier.

Do I need a model release form when I collaborate on Okfans?

Yes, if you feature other creators in your Okfans videos or images, you will need to obtain a signed model release form before posting that content.

If you need help or have qny questions regarding to W-9 or 1099 tax forms, you contact us anytime.
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