misscrystal Posted August 12, 2020 Share Posted August 12, 2020 The 1099-MISC process this year promises to be more complicated than in years past. That’s because the IRS is rolling out a brand-new form, Form 1099-NEC , beginning with 2020 payments to independent contractors. Warning: The IRS isn’t entirely ditching Form 1099-MISC, which means you will have two different sets of 1099 forms to file.-from businessmanagementdaily 39 Link to comment Share on other sites More sharing options...
shohag333 Posted August 12, 2020 Share Posted August 12, 2020 Screenshot at 2020-08-12 10-57-561227×243 18 KBwhen i looked my setting & i found this Form W-9 Option but, available not yet. i’m wait for mail or notify when available. 39 Link to comment Share on other sites More sharing options...
rese1202 Posted August 12, 2020 Share Posted August 12, 2020 Fiverr is required under applicable laws to 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 the said calendar year and had at least 200 separate orderThat’s the first I’ve seen that. It must be in the newest IRS rules.This has been the rule for years. Nothing new here. Both criteria must be met to trigger the 1099 form to be sent. 38 Link to comment Share on other sites More sharing options...
misscrystal Posted August 12, 2020 Share Posted August 12, 2020 This has been the rule for years. Nothing new here. Both criteria must be met to trigger the 1099 form to be sent.when i looked my setting & i found this Form W-9The W9 is only for those in the US. 38 Link to comment Share on other sites More sharing options...
fastcopywriter Posted August 13, 2020 Share Posted August 13, 2020 A lot of companies issue W9’s, even when you do freelance work for a week. I have an S-Corporation and pay corporate taxes on a quarterly basis, so I don’t know if I’ll be given a W9.I just hope Fiverr doesn’t take social security taxes, medicare, and federal taxes, every time I make a withdrawal. I’m fine showing my income, but since this isn’t a full-time job, I expect to be treated like a freelancer. 42 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 A lot of companies issue W9’s, even when you do freelance work for a week. I have an S-Corporation and pay corporate taxes on a quarterly basis, so I don’t know if I’ll be given a W9.I just hope Fiverr doesn’t take social security taxes, medicare, and federal taxes, every time I make a withdrawal. I’m fine showing my income, but since this isn’t a full-time job, I expect to be treated like a freelancer.I have an S-Corporation and pay corporate taxes on a quarterly basis, so I don’t know if I’ll be given a W9.On the W9 it asks if you are a corporation or not. They can get 1099’s. 38 Link to comment Share on other sites More sharing options...
forcopywriting Posted August 13, 2020 Share Posted August 13, 2020 Initially, It’s only for US seller. May be later, We everyone have to go for it.I’m wondering if you see the W-9 when you look at your account setting. Do you have it? I assume you are not in the US so I wonder if everyone has that or only US persons.I see a seller in India has it.I have it on mine and when I clicked on it this is what it says; “The Form W-9 verification process is not available yet. We’ll notify you when this option will be available.” 35 Link to comment Share on other sites More sharing options...
forcopywriting Posted August 13, 2020 Share Posted August 13, 2020 Why are people from the US celebrating as if Fiverr is meant for them alone? :rofl: If you have worked on UpWork before you would know that this is no big deal. On UpWork you are required to present an equivalent of the form from your country. That Fiverr is starting with the US doesn’t mean it was meant to victimize anyone.The Fiverr verification is also tight. 36 3 Link to comment Share on other sites More sharing options...
rizkiivan Posted August 13, 2020 Share Posted August 13, 2020 So this is actually like verification about if seller really US person or not ? 36 Link to comment Share on other sites More sharing options...
miiila Posted August 13, 2020 Share Posted August 13, 2020 I got a notification and mail telling me to do this within 30 days to keep my gigs active, clicked it, got asked whether I am “a US person”, no, I’m a cat and dog person 😉 so I clicked “No”, done. (For now, I guess they may require equivalent forms be filled out in future if other countries’ tax authorities insist.) 44 3 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 Why are people from the US celebrating as if Fiverr is meant for them alone? :rofl: If you have worked on UpWork before you would know that this is no big deal. On UpWork you are required to present an equivalent of the form from your country. That Fiverr is starting with the US doesn’t mean it was meant to victimize anyone.The Fiverr verification is also tight.Why are people from the US celebrating as if Fiverr is meant for them aloneThe W9 form is just for US sellers. It’s hardly a celebration to have to fill out a tax form. I think you misunderstand. Be thankful you don’t have to fill it out. 39 Link to comment Share on other sites More sharing options...
ejservicekiosk Posted August 13, 2020 Share Posted August 13, 2020 I got the notification, I filled out the address form, but the “Next” button doesn’t work. It doesn’t say any of my information is missing or wrong, I know none of it is - is the form not working yet? Should I just wait a day or two to fill it out? I’d like this to be a solved problem before, you know, the deadline of my business getting hung up on for reasons out of my control. 36 Link to comment Share on other sites More sharing options...
forcopywriting Posted August 13, 2020 Share Posted August 13, 2020 Why are people from the US celebrating as if Fiverr is meant for them aloneThe W9 form is just for US sellers. It’s hardly a celebration to have to fill out a tax form. I think you misunderstand. Be thankful you don’t have to fill it out.Oh! Well, I am thankful I won’t be filling it. However, I was reacting to some of the comments here. 37 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 I got the notification, I filled out the address form, but the “Next” button doesn’t work. It doesn’t say any of my information is missing or wrong, I know none of it is - is the form not working yet? Should I just wait a day or two to fill it out? I’d like this to be a solved problem before, you know, the deadline of my business getting hung up on for reasons out of my control.Did you put in your social security number? And check the part that asks if you are a individual, etc? When I clicked the next button it said I completed it. 37 Link to comment Share on other sites More sharing options...
chaosmagic Posted August 13, 2020 Share Posted August 13, 2020 I filled out my information but the notice is still appearing to “check it” on my dashboard. Is this normal? 38 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 I filled out my information but the notice is still appearing to “check it” on my dashboard. Is this normal?Yes I have that too. …It’s a message that stays there even if you have it filled out. 37 2 Link to comment Share on other sites More sharing options...
ejservicekiosk Posted August 13, 2020 Share Posted August 13, 2020 Did you put in your social security number? And check the part that asks if you are a individual, etc? When I clicked the next button it said I completed it.I have no social security prompt. I selected individual, filled out ever field but Address 2 since my current legal address only has the one line. Country, State, zip code; everything’s filled out and there is no box for SSN on the Address page which is where I’m stuck. The Next button just doesn’t work at all. 38 2 Link to comment Share on other sites More sharing options...
chaosmagic Posted August 13, 2020 Share Posted August 13, 2020 Another question. I am a US citizen but currently living in Europe and will continue to do so. Does anyone know if this is still required? My banking and everything else is still in the US. I filled out the form just in case (using my US address associated with my banking), wondering if I did this properly. I also sent a message to support just in case. Thank you in advance! 38 2 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 I have no social security prompt. I selected individual, filled out ever field but Address 2 since my current legal address only has the one line. Country, State, zip code; everything’s filled out and there is no box for SSN on the Address page which is where I’m stuck. The Next button just doesn’t work at all.You could try putting a 0 on that second address line maybe. You can then later go edit it out. 35 2 Link to comment Share on other sites More sharing options...
ejservicekiosk Posted August 13, 2020 Share Posted August 13, 2020 You could try putting a 0 on that second address line maybe. You can then later go edit it out.Nope. It just does not work at all. 35 2 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 Another question. I am a US citizen but currently living in Europe and will continue to do so. Does anyone know if this is still required? My banking and everything else is still in the US. I filled out the form just in case (using my US address associated with my banking), wondering if I did this properly. I also sent a message to support just in case. Thank you in advance!I’m sure it is required. Whatever address you use to pay your taxes from would be the one to use.It is required if you made over $20,000 and had at least 200 orders. 32 2 Link to comment Share on other sites More sharing options...
leejohnsonvideo Posted August 13, 2020 Share Posted August 13, 2020 Will we receive some sort of confirmation that we submitted our form to Fiverr?I’m not seeing any confirmation, yet. 33 2 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 Will we receive some sort of confirmation that we submitted our form to Fiverr?I’m not seeing any confirmation, yet.It says you completed the form in the same place you completed the form. You click the next button and see that message. 34 2 Link to comment Share on other sites More sharing options...
leejohnsonvideo Posted August 13, 2020 Share Posted August 13, 2020 It says you completed the form in the same place you completed the form. You click the next button and see that message.I saw a flash that all was good. Then nothing. And I still have a banner indicating I need to fill out a form.This stuff worries me. 37 2 Link to comment Share on other sites More sharing options...
misscrystal Posted August 13, 2020 Share Posted August 13, 2020 I saw a flash that all was good. Then nothing. And I still have a banner indicating I need to fill out a form.This stuff worries me.Then you are all set. 37 2 Link to comment Share on other sites More sharing options...
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