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April 4, 2022
Question

Onlyfans

  • April 4, 2022
  • 1 reply
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So I’m a little confused. I took a break from only fans for a long time and didn’t think I made enough to include it in my takes. So I filed my taxes anyways and they got accepted and approved the same day February 9th 2022. A couple weeks after I did my taxes I got a letter in the mail from onlyfans and I made a little over $700. Fast forward to today I have not gotten my federa return yet as of April 4th 2022. I got a letter in the mail from the irs today saying they are holding my return until they can verify the accuracy of my return due to either income, income tax withholding, tax credits or business income. Could this be due to the fact that my onlyfans money wasn’t included? Will I need to amend this? The letter states once they finish their review they will either send me my refund, ask for more info, send part of or none of my refund at all. 

1 reply

SForrestLO
April 5, 2022

This is something Turbo Tax will not know. You can contact the IRS to inquire. 

 

Please see this Turbo Tax FAQ on when to amend.
https://ttlc.intuit.com/community/amending/help/do-i-need-to-amend/00/27607

 

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fanfare
Employee
April 5, 2022

a letter is not enough.

Did you get a 1099-NEC from onlyfans ? That's what counts.

 

Did you leave anything else off your tax return?

ColeenD3
April 5, 2022

Yes, you need to amend your return to include the income, regardless of what else is going on with your return. Mail it return receipt requested, so you know when they received it.

 

It's great if they send you an official reporting form, so you should request one. They may have sent one to the IRS and that is what they are seeing as not being reported. In the meantime report it as cash and note no reporting form was sent. This is the second option below.