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I just got my w9 form from TikTok does that make me self employed though TikTok?

I just go my w9 form from TikTok and was wondering if that makes me self employed with TikTok and what do I file as a social media influencer?
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I just got my w9 form from TikTok does that make me self employed though TikTok?

The W-9that you fill out and send back to TikTok will be used by TikTok to issue a tax document  (most likely a 1099NEC) to you  in January for the income you have received for whatever you are doing to generate income from them.   That income will be self-employment income.   If you have had even $400 of self-employment income, you are required to enter it on your tax return and pay self-employment tax for Social Security and Medicare.

 

If you have self-employment income for which you will pay self-employment tax for Social Security and Medicare,  you will need to use online Premium software or any version of the desktop software download so that you can prepare a Schedule C for your business expenses.

 

 

https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/...

 

https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-empl...

 

 

If you live in a state with a state income tax, you might need to make estimated payments to your state.

 

https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv

https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payme...

 

 

https://turbotax.intuit.com/tax-tools/calculators/self-employed/

 

https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves...

 

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-...

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qua...

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/self-employed-expe...

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
pk
Level 15
Level 15

I just got my w9 form from TikTok does that make me self employed though TikTok?

@onyxrubyrose30 , while my colleague @xmasbaby0  has provided you with an excellent response and included  a number of references,  I just wanted to complete this  reading list with  something from the IRS --------------> About Form W-9, Request for Taxpayer Identification Number and Certification | Internal Revenue Serv....

 

This covers  the current form and instructions thereof.  The form itself also covers a lot of the instructions on how to fill out the form.  

The assumption here is that you are a US person ( citizen/GreenCard/Resident for Tax purposes ) and that your actual work  ( for this income stream) is actually performed in the US.

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