IRS Going After OnlyFans Content Creators

According To Forbes, OnlyFans content creators have recently been contacted in connection with a criminal tax investigation. The news is coming from multiple sources within the tax community. Traffic to OnlyFans, a subscription-based social media platform that often includes adults-only content, exploded with the pandemic. OnlyFans reportedly grossed over $2.3 billion in 2020 alone. Its content creators have been increasingly well-known for their eye-popping accumulation of wealth. It is no surprise, then, that the IRS and the Department of Justice, Tax Division, has some questions for some of the highest grossing of the 1.6 million content creators. Click Here To Read More.

Source: Forbes