OnlyFans (TS) Corey Maison

jarbey

Member
Approved
Hmmm Question, Is the 1.3k next to the ❤ on top of her onlyfans how many likes she has of her posts or is it how many people paid her at least $50.00 so far, that's at least $50k if that's how many users she has. Wonder if she's gonna report it on her income tax at the end of the year. Lol. Havent
It's likes, if she made her subscriber count visible it would have a person outline next to the number.
Gotcha, I figured they were likes. Just checking, wondering how people report this on taxes who make lots of money doing this, if they do at all. Would it be like a sole proprietary business providing a service? If so what about sales tax? Asking for a femboyz slut friend of mine and No, no no no it's not me... Maybe it is. No...
 

ChewiesNips

Active member
Approved
Gotcha, I figured they were likes. Just checking, wondering how people report this on taxes who make lots of money doing this, if they do at all. Would it be like a sole proprietary business providing a service? If so what about sales tax? Asking for a femboyz slut friend of mine and No, no no no it's not me... Maybe it is. No...
In the US you have to give OF your tax info SS#, DL# and the ID has to have the current legal name attached to it. You also receive fill out OF earnings on 1040 form for filing so the IRS already knows, same for people in the UK under whatever system they have.

What people don't understand about Onlyfans is they take 20% as their cut then the creator is responsible for their own deductions which OF reports your earnings to the IRS. So thats up to another 30% taken from the gross amount earned depending on state taxes where you live. Basically whatever you think a creators gross income is they get 50-70% of that. Now if hoes are smart they see a real taxman and use everything imaginable as a deduction for filing, internet bill, phone bill, a bed, gas if they travel to shoot, hotel bill, fake receipts for expensive ass sex toys etc. Anything that can be justified as an expense that generated income from OF.
 

jarbey

Member
Approved
In the US you have to give OF your tax info SS#, DL# and the ID has to have the current legal name attached to it. You also receive fill out OF earnings on 1040 form for filing so the IRS already knows, same for people in the UK under whatever system they have.

What people don't understand about Onlyfans is they take 20% as their cut then the creator is responsible for their own deductions which OF reports your earnings to the IRS. So thats up to another 30% taken from the gross amount earned depending on state taxes where you live. Basically whatever you think a creators gross income is they get 50-70% of that. Now if hoes are smart they see a real taxman and use everything imaginable as a deduction for filing, internet bill, phone bill, a bed, gas if they travel to shoot, hotel bill, fake receipts for expensive ass sex toys etc. Anything that can be justified as an expense that generated income from OF.
Thanks My slutty friend just might proceed 👍
 
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