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Saw this on Dreamstime:http://www.dreamstime.com/thread_16187"Payments our agency makes to our contributors relate to amounts we due with respect to a sale of a product, versus the provision of a service. As consequence, we will not be sending a 1099 for any amounts we paid during the calendar year 2008. It is your obligation to report all payments, including the ones made by our agency, to all appropriate tax authorities or your tax preparer in case you have one."I don't know what "amounts we due" means, but it surprised me that Getty feels we should get 1099s listing our royalties, but DT doesn't. You'd think this stuff would be easy for everyone to act along the same lines.
... it surprised me that Getty feels we should get 1099s listing our royalties, but DT doesn't. You'd think this stuff would be easy for everyone to act along the same lines.
Quote from: sjlocke on January 21, 2010, 14:52... it surprised me that Getty feels we should get 1099s listing our royalties, but DT doesn't. You'd think this stuff would be easy for everyone to act along the same lines.Is Istock sending out 1099s this year, or is this just for royalties made on the Getty site itself?
Quote from: lisafx on January 21, 2010, 15:24Is Istock sending out 1099s this year, or is this just for royalties made on the Getty site itself?Sorry, I meant Getty "proper".
Is Istock sending out 1099s this year, or is this just for royalties made on the Getty site itself?
I'd prefer they didn't send them. They just screw with my own accounting. I'm definitely not waiting around for them to show up in the mail to do my taxes.
I think it was Shutterstock that bugged me with their 1099's. They would do December through November payments instead of January through December. Or they'd send you two from two different companies. It's not a big deal to me, but I would just prefer not to get them. Edit: I was just thinking if all my stock agencies and freelance clients sent me 1099's if they paid me over $600, I'd have a lot of paperwork to go through at the end of the year.