Hello I'm non resident in the US and non citizen too , when I added my US account from payoneer to stripe they're asking me to sign w-8/w-9 form as non US citizen I chose w-8 but it asked if the mailing address is the same as my permanent residence address above? I signed up with my UK company details and I don't know does it means my UK company that I registered stripe with or my residential address?!
Pleaaaaase I have a website that sells services. I recently moved to live in America. I have two questions, please. Does Stripe deduct tax and send it to IRS ? Will I receive W2 every year ?
I have never recieved a tax form from Stripe, but you can still easily file your taxes without one. I use the Schedule C when filing taxes, but it's best to talk with a tax professional since everyone's situation is different.
@@onlineeslteachertutorials5655hi hope all is very well with you 🙏🏻 Quick question: When filling your taxes, do you report the net amount received from Stripe? Or the gross amount of sales? And if you do report the gross sales, do you report the stripe fees as well? Thanks for your time 🙏🏻
Correct. You don't get or need a 1099. All you need is to have the total income you made, which this document tells you without you having to figure it out yourself. Plus, it's good to have written documentation in case you ever get audited.
Thank you, so helpful!
Thank you! I was just trying to do this yesterday.
Hello
I'm non resident in the US and non citizen too , when I added my US account from payoneer to stripe they're asking me to sign w-8/w-9 form as non US citizen I chose w-8 but it asked if the mailing address is the same as my permanent residence address above? I signed up with my UK company details and I don't know does it means my UK company that I registered stripe with or my residential address?!
I'm sorry, but I can't help you with that. I'm not a tax expert, and I don't have experience with non US citizens using Stripe.
@@onlineeslteachertutorials5655 Thank you for your prompt response
Thank you for doing this video!!
Can you please do a 2024 version. The website is different. Please and Thank you !
Pleaaaaase I have a website that sells services. I recently moved to live in America. I have two questions, please. Does Stripe deduct tax and send it to IRS ? Will I receive W2 every year ?
I have never recieved a tax form from Stripe, but you can still easily file your taxes without one. I use the Schedule C when filing taxes, but it's best to talk with a tax professional since everyone's situation is different.
@@onlineeslteachertutorials5655 Thank youu very much
@@onlineeslteachertutorials5655hi hope all is very well with you 🙏🏻 Quick question:
When filling your taxes, do you report the net amount received from Stripe? Or the gross amount of sales? And if you do report the gross sales, do you report the stripe fees as well?
Thanks for your time 🙏🏻
@@Secret_Code12 I can't answer that question for you, sorry. It's best to ask a tax professional.
Thank you
That's not 1099 tho...
Correct. You don't get or need a 1099. All you need is to have the total income you made, which this document tells you without you having to figure it out yourself. Plus, it's good to have written documentation in case you ever get audited.
@@onlineeslteachertutorials5655 easier to get audited lol but my gas receipts
Gg ma lady
wtf are you kidding me