What is a W-8BEN Form?
A W-8BEN is an IRS mandated form which all creators unrelated to the United States need to submit to confirm their foreign status. The U.S. requires Fansly to report all creators that earn more than $20,000 in a calendar year, and who are U.S. citizens or who have reason to believe are U.S. citizens. Since Fansly is a company operating within the United States, and creators are paid by the U.S. dollar, this would lead the IRS to believe foreign individuals are U.S. citizens. In other words, the form is to prove non-US citizenship when submitting taxpayer information.
Where do I submit my W-8BEN?
1. Start by navigating to your Creator Dashboard
2. From there, select "Tax Documentation"
3. Next you will select your Country as "EU Member State"
4. You will now see two drop down menus. One for DAC7 and one for W-8BEN. Select the drop down for DAC7 and enter your information. You must tick the box and then you can "Submit Form"
5. Next, select the drop down for W-8BEN and add your information.
6. Type your name in the signature line to "sign" the document and hit "submit form"
If you experience any issues or need help to complete these forms, please reach out to our Support Team at [email protected] and they will be happy to assist you. Fansly cannot offer tax advice.
Tax Treaty Benefits
If you were a U.S. citizen living abroad (or alternately a foreign citizen living or operating within the United States), tax treaties would ensure that you were not taxed twice on the same income. For most people, this is not applicable, and only your home country (assuming you live where you are a citizen) will tax your income.