Make Money on Fiverr - How to Report on Your Taxes?
If you make money online via Fiverr, you are an independent contractor for federal tax purposes.
As your own company, you are responsible for reporting your income, expenses, calculating your taxable income, and paying all required federal and state taxes.
How you file your taxes will depend upon how you set up your Fiverr profile.
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#IRS #Fiverr #SelfEmployed
DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.
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