DISCLAIMER: Opendorse is not a legal or financial advisor, these answers are only for general guidelines and should not be regarded as tax advice. For any questions regarding the reporting of taxes, or filing of such, please seek out advice from a registered advisor or other trusted representative.

A W-9 form is used to provide your correct Taxpayer Identification Number (TIN) to a person or business who is required to file an information return with the IRS to report income paid to you. (source: IRS)

A W-9 form is required if you receive earnings that total $600 or more including cash and in-kind payments – in the previous calendar year (January 1 through December 31). A W-9 is for a company to provide you with a 1099 at the end of each calendar year. A W-9 you filled out with Opendorse is only for the activities done through Opendorse. If you do activities that did not go through Opendorse, you will also need a W-9 for each of those activities.

A 1099 form is used to report rents, royalties, prizes and awards, and other fixed determinable income. (source: IRS) A 1099 form is required to be provided to any person who receives $600 or more through the aforementioned avenues by the compensating party.

A 1099 form is needed when filing taxes.

You will only receive a 1099 form through Opendorse if you receive earnings that total $600 or more through Opendorse – including cash and in-kind payments – in the previous calendar year (January 1 through December 31). The 1099 received from Opendorse will only show the income made through Opendorse. Any activities where you were paid or received any compensation outside of Opendorse will not be reflected in your Opendorse 1099.

No. You will only receive one 1099 form from Opendorse for the deals with earnings that total $600 or more completed through Opendorse – including cash and in-kind payments – in the previous calendar year (January 1 through December 31). You will continue to receive a 1099 form for each calendar year in which you earn $600 or more through Opendorse.

No. The 1099 form provided by Opendorse will only display earnings that total $600 or more received through Opendorse – including cash and in-kind payments – from the previous calendar year (January 1 through December 31). If you have received more than $600 or more for activities completed outside of Opendorse, the compensating party is required to provide you with a separate 1099 form.

According to the deadline set by the IRS, a 1099 form from Opendorse will be mailed to the address provided in the W-9 and will be postmarked no later than January 31, provided we have all of the information requested in the W-9.

To receive a digital copy of your 1099, contact support@opendorse.com. We’ll get you instructions on how you can update your account settings to access it online.

Yes. You will receive a 1099 form from Opendorse for all earnings through Opendorse – including cash and in-kind payments – from the previous calendar year (January 1 through December 31) if the total value earned is $600 or more, regardless of whether the funds have been transferred to your bank account.

Yes – you will need to update your W-9 form submitted to Opendorse if your filing status has changed. This will require your Stripe account type to be updated on the back end. Please reach out to Opendorse Support via the support chat or email so they can contact Stripe Support (our payment processor) to update your account to a business account.

Yes – you will need to update your W-9 form submitted to Opendorse if your filing status or any information that is found on a W-9 form has changed throughout the year.

Here's how to access your Stripe account and add that info:

Every state has different tax laws – please seek out advice from a registered advisor or other trusted representative.

Please seek out advice from a registered advisor or other trusted representative.

DISCLAIMER: Opendorse is not a legal or financial advisor, these answers are only for general guidelines and should not be regarded as tax advice. For any questions regarding the reporting of taxes, or filing of such, please seek out advice from a registered advisor or other trusted representative.