Accounting and Tax

An independent contractor agreement is one of the most important documents an OnlyFans creator can use before hiring chatters, editors, virtual assistants, managers, or other support workers. The agreement explains […]

Side hustle taxes apply as soon as your extra income becomes taxable income under IRS tax rules. Many people assume small payments, cash income, or occasional online earnings do not […]

Form 843 is an IRS form that taxpayers use to request penalty relief, interest abatement in certain situations, or refunds for specific taxes and fees. For many OnlyFans creators, Form […]

Form 8821 instructions explain how to authorize another person or organization to receive and inspect your IRS tax information. Unlike a power of attorney, Form 8821 does not allow someone […]

Form 2848 instructions explain how to give a qualified tax professional permission to represent you before the Internal Revenue Service (IRS). When you sign Form 2848, also known as the […]

What is a CP2000 notice? A CP2000 notice is an IRS notice that tells you the income reported on your tax return does not match information the IRS received from […]

Safe harbor rules for estimated taxes help taxpayers avoid underpayment penalties when they pay enough tax throughout the year. This matters for OnlyFans creators because OnlyFans income often changes from […]

Hobby loss rules decide whether the IRS treats your activity as a real business or a hobby. This matters because business status generally allows deductions for ordinary and necessary business […]

Hobby income vs business income comes down to one key factor: whether you operate an activity with the intent to make a profit. The IRS treats both types of income […]

EFTPS enrollment helps business taxpayers, including OnlyFans creators with an EIN or business entity, pay federal taxes online through the Electronic Federal Tax Payment System. Many creators use EFTPS to […]