Author Topic: From which country does 123rf pay their contributors? (Read 5936 times)

AnS · « **on:** March 25, 2017, 09:16 »

Hi,

I'm thinking about uploading my portfolio at 123rf too, but because of tax reasons I would like to know, from which country does 123rf pay their contributors?
It seems that their headquarter is in Chicago, USA, but there were some lines in the agreement that it is being regulated by the laws of Hong Kong, so I'm not sure about it.
Also: do they send an electronic receipt after the payment (like Fotolia or Istock), or not?

Thank you for the answer and help in advance!

niktol · « **Reply #1 on:** March 25, 2017, 10:02 »

Quote from: AnS on March 25, 2017, 09:16

Hi,

I'm thinking about uploading my portfolio at 123rf too, but because of tax reasons I would like to know, from which country does 123rf pay their contributors?
It seems that their headquarter is in Chicago, USA, but there were some lines in the agreement that it is being regulated by the laws of Hong Kong, so I'm not sure about it.
Also: do they send an electronic receipt after the payment (like Fotolia or Istock), or not?

Thank you for the answer and help in advance!

They produce 1042-S for non-residents, so I'd presume they do their 1099's too...Which means IRS is going to get its cut.

AnS · « **Reply #2 on:** March 25, 2017, 10:31 »

I forgot to mention it before, but I'm from Europe actually, so that makes me a non-resident.

If they send a 1042-S though, that means the payment comes from the USA (and not some subcompany from Europe or elsewhere), right? I got my answer then. Thank you!

niktol · « **Reply #3 on:** March 25, 2017, 10:39 »

Quote from: AnS on March 25, 2017, 10:31

I forgot to mention it before, but I'm from Europe actually, so that makes me a non-resident.

If they send a 1042-S though, that means the payment comes from the USA (and not some subcompany from Europe or elsewhere), right? I got my answer then. Thank you!

I am not sure how payments work and "where" they come from - they are not paying in gold coins, it's virtual money - but for tax purposes I always considered it a US company.

sgoodwin4813 · « **Reply #4 on:** March 25, 2017, 12:08 »

They never seem to bother about the tax forms - I just total up the payments I receive and report that.

I would not bother starting with them. I don't remember exactly but I think they start you off at 22 cents per subscription download, which is insultingly low and should not be supported.

AnS · « **Reply #5 on:** March 26, 2017, 05:21 »

Quote from: sgoodwin4813 on March 25, 2017, 12:08

They never seem to bother about the tax forms - I just total up the payments I receive and report that.

I would not bother starting with them. I don't remember exactly but I think they start you off at 22 cents per subscription download, which is insultingly low and should not be supported.

Thank you, I understand your point, but because every agency performs so very different, I might give them a chance, only with a few files, just for a test run. (Dreamstime was the only agency that I've dropped so far, due to VERY poor success.) Time will tell. $:-\$

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Author Topic: From which country does 123rf pay their contributors? (Read 5936 times)

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