Tax and Accounting
OSC collects all the necessary tax information from financial contributors and payees (W8 or W9 forms). We file taxes and issue 1099s on behalf of all our hosted projects.
You can accept grants as a fiscally-sponsored project with OSC as your host organization. Before you apply for a grant, make sure they can give grant funding to organizations that are 501c6 (mutual-benefit nonprofit). Some grants can only be awarded to nonprofits that are 501c3 (public-benefit nonprofit).
If you submit invoice expenses totaling $600 USD or more per year, you will need to provide us your W9 (for US persons) or W8-BEN/E (for non-US persons) form. Receipt reimbursements don't count toward the $600 limit, only invoices.
When you submit an invoice that puts you over the $600 threshold, you will be sent an email with a link to complete your tax form online. This email will come from Dropbox Forms and say "Open Collective sent you a request via Dropbox Forms".
If you don’t meet the $600 threshold, simply report your earnings as miscellaneous self-employment income when you file your taxes.
If you are not a US person, we will only keep your information on file and it's up to you to meet any tax reporting obligations in your country.