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Author Topic: Dreamstime's New Tax Center  (Read 31318 times)

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« Reply #50 on: September 02, 2010, 10:46 »
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It took shutterstock a while to change their minds about the ITIN and it was worse with FT.  Would of been nice if DT had done their research but I am pleased they have reacted quickly.

What does seem amateur is the deadline of September 15th, when people on vacation wont know about this.  They also haven't sent an email, lots of people wont know anything about this and that's really bad.

Achilles stated in the first page of the board post:  "a news was posted + an email will be sent once everything is cleared and working smoothly. "  To me it is a good thing they didn't send every contributor running to their notary on day 1 (yesterday)...  I will be disappointed if they don't have some sort of message/warning when someone requests a payout after the 15th if they haven't visited the Tax Center.


« Reply #51 on: September 10, 2010, 06:26 »
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Finally got an email form them.
Quote
Please note that IF you are a resident of Brazil, which has no income tax treaty with the United States, we will be required to deduct a 30% withholding tax from your Dreamstime earnings coming from US buyers.

Any idea of the % of the sales at DT that come from US?  In FT it is a minority, so it didn't affect me much.

« Reply #52 on: September 10, 2010, 06:44 »
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Finally got an email form them.
Quote
Please note that IF you are a resident of Brazil, which has no income tax treaty with the United States, we will be required to deduct a 30% withholding tax from your Dreamstime earnings coming from US buyers.

Any idea of the % of the sales at DT that come from US?  In FT it is a minority, so it didn't affect me much.

Just like in SS (10% on my stats).. I am wondering the same but I guess mostly is from Europe and Asia! (I hope)

« Reply #53 on: September 10, 2010, 07:07 »
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Finally got an email form them.
Quote
Please note that IF you are a resident of Brazil, which has no income tax treaty with the United States, we will be required to deduct a 30% withholding tax from your Dreamstime earnings coming from US buyers.

Any idea of the % of the sales at DT that come from US?  In FT it is a minority, so it didn't affect me much.

Hey! I received email too, my witholding tax is 0%, but that must be mistake... Croatia is non treaty country like Brazil.. It has to be 30%...

« Reply #54 on: September 10, 2010, 08:14 »
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I just filled in the second radio box inder the number field (applied for) [edit: seems it's not even necessary - just leave the field blank, though the form does not say so] and then unchecked the box at the bottom of the form, stating that I acknowledge providing ITIN number "if it is applicable". As ITIN is not applicable in this case, that statement is made legally true by unchecking that second pre-checked box.

I no, not another stock site that got it wrong regarding the requirement of an ITIN for non-US citizens. Wonder how long it will take to convince Dreamtime that the only requirement is the W8-BEN without an ITIN. I still remember how both SS and FT also insisted on the ITIN. It was only after mass hysteria from contributors that they were forced to do their homework properly and acknowledged that an ITIN is not required. Dreamstime is very late to comply with the tax law requirements. I would have thought that by now they should have learned from the mistakes of the other stock sites.
« Last Edit: September 10, 2010, 08:31 by Nemo1024 »

sc

« Reply #55 on: September 10, 2010, 08:21 »
0
Finally got an email form them.
Quote
Please note that IF you are a resident of Brazil, which has no income tax treaty with the United States, we will be required to deduct a 30% withholding tax from your Dreamstime earnings coming from US buyers.

Any idea of the % of the sales at DT that come from US?  In FT it is a minority, so it didn't affect me much.

Hey! I received email too, my witholding tax is 0%, but that must be mistake... Croatia is non treaty country like Brazil.. It has to be 30%...

I got an email saying thanks for filling out the form , they have processed it and they will now take 30% witholding according to my country's tax treaty. Only problem is I'm an American Citizen, they shouldn't withold anything.
Maybe they have us mixed up borg - due to my Croatian last name.  ;)

They're looking into it,

« Reply #56 on: September 10, 2010, 08:40 »
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I got an email saying thanks for filling out the form , they have processed it and they will now take 30% witholding according to my country's tax treaty. Only problem is I'm an American Citizen, they shouldn't withold anything.
Maybe they have us mixed up borg - due to my Croatian last name.  ;)

They're looking into it,

I got the same email.  I noted in my reply that the website claims that my withholding was 0%.  They're going to tell me which applies, although it should be 0%.

« Reply #57 on: September 10, 2010, 08:53 »
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just got the email and the form wants the ITIN. Nice of them to give us 5 days notice to go through a process that takes a couple of months (even though we dont need to)

« Reply #58 on: September 10, 2010, 09:46 »
0
Finally got an email form them.
Quote
Please note that IF you are a resident of Brazil, which has no income tax treaty with the United States, we will be required to deduct a 30% withholding tax from your Dreamstime earnings coming from US buyers.

Any idea of the % of the sales at DT that come from US?  In FT it is a minority, so it didn't affect me much.

Hey! I received email too, my witholding tax is 0%, but that must be mistake... Croatia is non treaty country like Brazil.. It has to be 30%...

I got an email saying thanks for filling out the form , they have processed it and they will now take 30% witholding according to my country's tax treaty. Only problem is I'm an American Citizen, they shouldn't withold anything.
Maybe they have us mixed up borg - due to my Croatian last name.  ;)

They're looking into it,
::)
Easily possible!
Its nice to see our roots outside of country... ;)

« Reply #59 on: September 11, 2010, 15:37 »
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Erm....should I say my case, or should I keep silent...   ::)

« Reply #60 on: September 11, 2010, 15:58 »
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just got the email and the form wants the ITIN. Nice of them to give us 5 days notice to go through a process that takes a couple of months (even though we dont need to)

Contacted support and Erin emailed me back saying ITIN can be left blank.

« Reply #61 on: September 11, 2010, 21:34 »
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I had been blissfully unaware of this until I got an email today. But the online form is pre-filled and all I had to do was check for correctness and sign and upload ID. Very grateful it was so simple this time around!  ::)

« Reply #62 on: September 12, 2010, 03:09 »
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I got an email from DT where they say that my withholding rate is 0% while it should be 5% (as stated correctly in the W8 form).
I already contacted them and see what will happen

« Reply #63 on: September 12, 2010, 09:29 »
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I got an email from DT where they say that my withholding rate is 0% while it should be 5% (as stated correctly in the W8 form).
It should be 30% in my case - as they had already pointed out - but the confirmation email also said 0%, so I suppose it's a standard text, by mistake.

« Reply #64 on: September 12, 2010, 10:16 »
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I got an email from DT where they say that my withholding rate is 0% while it should be 5% (as stated correctly in the W8 form).
It should be 30% in my case - as they had already pointed out - but the confirmation email also said 0%, so I suppose it's a standard text, by mistake.
Same here, although I don't think it's a standard text, because there is a confirmation in my management area on DT that my tax is 0%. So, someone at DT must be mistaking. 

« Reply #65 on: September 15, 2010, 17:10 »
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Got my first taxed subs today - 24c.   :'(

Unlike FT, it isn't clear that a sale came from USA.  In the subs case, it was clear, but I had a credit sale, getting me US$1.10 - how to tell? 

red

« Reply #66 on: September 15, 2010, 21:01 »
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It was stated by Achilles in the tax thread -

"The withholding tax will be applied at payment request, not for every download."

So, what makes you think it was a taxed sub? Am I missing something, did I not understand how this was going to work?

« Reply #67 on: September 15, 2010, 21:09 »
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I just got three 24 subs.  DT has never been that low before.  I don't know whats going on... but I just sent in the tax info....  Maybe they're deducting? 

« Reply #68 on: September 15, 2010, 21:17 »
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35c x 70% = 24.5c.

In fact my totals show 1c more than when I put 24c in my spreadsheet, so I guessed it was rounded up.

red

« Reply #69 on: September 16, 2010, 07:47 »
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Yep, he changed his mind. Achilles now says -

"In regards to the withholding tax, it is now live. The earnings that enter your account already have this tax withheld. Unlike the initial scenario, where the taxes would be removed at payment request, we decided to remove them from each sale. This way you will be able to request payment immediately as you hit $100. Furthermore, we will pay these taxes no matter if you reach the $100 or not."

Sure would have been nice to let us know before the fact. It doesn't affect me (US) but I don't like it when things are changed without any announcement. Sure, they are fine-tuning this new tax setup but let the contributors know what's up. Many (most?) do not read the DT forums post by post and this is buried.

« Reply #70 on: September 23, 2010, 06:52 »
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here we go again...
I filled the W-8 at the beginning of the month (Sept '10) and a few minutes ago I receive an email from dreamstime (Erin Vandivier) saying that I need an ITIN because of my W-7 form submitted

WHAT???

I submitted a W-8, I am Italian living in Italy and... wait a minute.... they call me Brad Calkins???
My name is GIUSEPPE PARISI!!

AHAHAHAH
OMG those guys are in such a MESS, you can tell... I just hope they will notice the huge mistake, anyway I wrote them back pointing that out.
LOL  :D :D :D

« Reply #71 on: September 23, 2010, 07:48 »
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I just got the exact same e-mail from Erin adressed to Brad Calkins also, probably a mistake....

« Reply #72 on: September 23, 2010, 07:51 »
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I just got the exact same e-mail from Erin adressed to Brad Calkins also, probably a mistake....

Wheeew... that relieves me a lot, thanks!

« Reply #73 on: September 23, 2010, 07:54 »
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I just got the exact same e-mail from Erin adressed to Brad Calkins also, probably a mistake....

Yes, me too... I guess they are now flooded with mails from all non-Brad Calkins'es  ;D

« Reply #74 on: September 23, 2010, 07:55 »
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This Brad Calkins is gonna be real famous! ahahah


 

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