I know that Patreon income is certainly not tax free, but what if I never cash out of my "Creator balance?"
For instance, if I just rack up $$$ in my Patreon account, and then just use it to support other creators--would I still need to fill out their bs tax documents if I never actually cash out to my own bank account or paypal?
>>1780769
I know that my salary is certainly not tax free, but what if I never withdraw from my "Bank account?"
For instance, if I just rack up $$$ in my BofA account, and then just use it to spend on goods and services--would I still need to fill out their bs tax documents if I never actually withdraw to my own wallet?
Anyway the answer is yes, OP, that income is taxable.
>>1780782
>1780782
fug u
>tfw my patreon is $0
>went up to $1 per month once, before I got a message apologizing for them making a mistake and misclicking
;_;
>>1780811
I'm at 125 a month, but I'm probably going to close it because I don't want to fill out tax info. Fucking adult content.
>>1780811
have you tried pretending you're a girl?
>>1780782
But will they even know about it?
What if it's not tied to your actual person (not sure if it's possible but let's assume it is)?
Would there be a chance of the taxman knowing?
>>1781379
What if I'm not in the US, but not in a third world country?
Would they communicate the info to my country?
>>1781380
Depends on the tax treaties your country has with the US. Most of the OECD member countries automatically exchange tax information with each other.
>>1781382
Alright, thank you.
>>1780871
Actually not a bad idea, pay a 19y/o asian cutie 10% to pose for some signed photos/worn panties/skype video call as patreon rewards, you could make good money