How to Submit Your Tax Information As A Business

Before withdrawing funds from their Lumanu wallet, users are required to submit their tax information to Lumanu. Lumanu is set up as a third-party settlement group, meaning we handle tax paperwork on behalf of our clients. 

1. Select your Organization at the top of the navigation bar to open your Organization menu. Select Settings.
   

   

2. Navigate under the Taxes tab, then click the Get Started button.

3. Lumanu will direct you through a series of questions about your business to determine the correct tax form to provide you with.

   • If you are creating a Lumanu account for a corporation, LLC, or partnership and you have an EIN, select Business.
     

   • If you do not have an EIN, select Sole Proprietorship and follow the steps listed in our How to submit your tax info as a Sole Proprietor  help article
     

     

4. If you need to file taxes in the US, Lumanu will collect your company’s information via the app and auto-generate a W9 form on your behalf.
   If your company is based internationally, you will be directed to fill out a W8 form and email it to vendors@lumanu.com, as well as provide the contact information for your business' primary contact.
   

   

   

   
   
   If you do not have access to the information required, gather it from your company’s business officer or have them complete the verification process in order to proceed.
   

5. Lumanu will verify whether or not the information provided is accurate. You can see the status of your verification under the Taxes tab -

   • Needs more info - Lumanu needs more info in order to verify you are who you say you are.

   • Resubmit info there was an issue with the tax information provided. Please double-check your information entered and resubmit.

   • Waiting for submission - your W8 form has not been received/approved by Lumanu

   • Completed - your tax information has been fully verified.

6. Once verification is complete, you will be able to transfer your funds out of your Lumanu wallet to your bank or PayPal account. 

If you do not input your tax information before withdrawing your funds, you will be pushed to do so when attempting to withdraw.