As an American-based company, Fiverr is required to send tax documents to US-based sellers and buyers. These tax documents include a 1099-K form for sellers, and a 1099-MISC form for buyers.
For those unfamiliar with tax forms, a 1099-K is used to report income from electronic transactions, such as online sales. A 1099-MISC, on the other hand, is used to report miscellaneous income, such as royalties or rental payments.
Fiverr will send these forms to anyone who has earned money through the platform, regardless of whether they are based in the US or not. If you are a non-US seller or buyer, you may be wondering if you need to pay taxes on your earnings. The answer is: it depends.
If you are a US citizen or resident alien, you are required to report your worldwide income on your US tax return. This means that you will need to include your Fiverr earnings on your tax return, even if you are based outside of the US. If you are a non-US citizen or resident alien, you may still be required to pay taxes on your Fiverr earnings depending on the laws of your country.
It’s always best to speak to a tax professional in your country to find out if you need to pay taxes on your Fiverr earnings. They will be able to give you the most accurate information based on your individual circumstances.
Does Fiverr Send Tax Documents?
Fiverr is required to send tax documents to US-based sellers and buyers.
For those unfamiliar with tax forms, a 1099-K is used to report income from electronic transactions, such as online sales.
Conclusion
It’s always best to speak to a tax professional in your country to find out if you need to pay taxes on your Fiverr earnings.
