As a freelancer on Contra, it is important to understand the tax laws in your own country and any country where you are receiving income. We suggest consulting with a tax professional or doing research on the specific tax laws in your country and the US to ensure you are in compliance.
Nonetheless, our payment partners do provide assistance with 1099s and W8-BEN's depending on your location. See below for more on this.
U.S. Based Independents
Contra's payment processor, Stripe, issues 1099 forms to eligible U.S. individuals who meet the IRS threshold for that tax year. If you qualify, your 1099 will be emailed to you by January 31st.
If you do not meet the IRS threshold, a 1099 will not be officially created or filed on your behalf. However, we can provide a draft document upon request - just reach out to hello@contra.com for this!
Independents Outside of the U.S.
If you are based outside of the U.S., there is no responsibility on your end to complete a W8-BEN form.
This is handled by Stripe or Persona, depending on your location. Your only responsibility is to provide accurate information during the initial wallet setup on Contra.
For other tax questions, please consult with a tax professional.