Requirement to withdraw earnings
Jacqueline Pittenger 8613 posts - United States - Joined Jan 07 2008
Starting April 7, oDesk must confirm whether or not you are a U.S. taxpayer. This confirmation is required for all withdrawing contractors. This means:
- oDesk will ask you to confirm your taxpayer status.
- If you are NOT a U.S. taxpayer, by typing "Accept" in the W-8BEN form you are confirming this fact. [This is most common for contractors outside of the U.S.]
- If you ARE a U.S. taxpayer, you must complete a W-9 online. [This is uncommon for contractors outside of the U.S.]
You can confirm your status at any time before your first (or next) withdrawal in Payments > Withdrawals.
What happens when I complete the W-8BEN?
The W-8BEN is a form used to confirm that you ARE NOT a U.S. taxpayer. This is only for oDesk record-keeping purposes. oDesk is NOT withholding taxes nor reporting your income via the W-8BEN form. You will need to confirm your taxpayer status with a W-8BEN or W-9 to begin/resume making withdrawals.
This does NOT determine or in any way affect whether or not you owe taxes in your own country. Please consult a local tax professional to determine whether your contractor earnings are taxable.
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