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Author Topic: Dreamstime's New Tax Center  (Read 35735 times)

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lisafx

« on: August 31, 2010, 12:33 »
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Dreamstime has opened a new tax center.  Looks like we all need to fill out our tax docs there and upload ID.  I just finished.  It's pretty simple and self explanatory. 
http://www.dreamstime.com/tax-center

Here's the thread about it in DT forums:
http://www.dreamstime.com/thread_23797


« Reply #1 on: August 31, 2010, 12:51 »
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So, Dreamstime is going to withdraw 30% from now on for all residents on non treaty countries?
What happened to the fact that Dreamstime is not a US based company?

« Reply #2 on: August 31, 2010, 12:54 »
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Needs work.  Kept refusing my submission because I didn't include an Employer ID.  Finally gave up and put my SSN in both the SSN and Employer ID fields and got past that hurdle.

« Reply #3 on: August 31, 2010, 13:06 »
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Needs work.  Kept refusing my submission because I didn't include an Employer ID.  Finally gave up and put my SSN in both the SSN and Employer ID fields and got past that hurdle.

Same here :-)

« Reply #4 on: August 31, 2010, 13:32 »
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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.

red

« Reply #5 on: August 31, 2010, 13:38 »
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So, Dreamstime is going to withdraw 30% from now on for all residents on non treaty countries?
What happened to the fact that Dreamstime is not a US based company?

It is legally based in Tennessee, USA.

« Reply #6 on: August 31, 2010, 13:46 »
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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.

Oh boy, exactly.

sc

« Reply #7 on: August 31, 2010, 13:55 »
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Thanks Lisa - hadn't seen that.
Steve

« Reply #8 on: August 31, 2010, 14:17 »
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Thanks for the note Lisa.  I guess they'll send out an announcement eventually?  Anyhow, nice they used an online form.

« Reply #9 on: August 31, 2010, 17:31 »
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As FT backed down on the requirement for an ITIN, I am sure DT will as well.  Just look at the forum and it is already full of people demanding them to drop the ITIN requirement.  What will it be like when everyone finds out?  I find it hard to believe that they haven't sent out an email about this.  Don't the sites care about us anymore?  What happens to the people that don't read forums?

microstockphoto.co.uk

« Reply #10 on: August 31, 2010, 17:39 »
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What happens to the people that don't read forums?

They will find out the hard way, after being deducted 30%. Not very cool. Thanks Lisa for posting here.
« Last Edit: August 31, 2010, 17:41 by microstockphoto.co.uk »

« Reply #11 on: August 31, 2010, 18:04 »
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deleted
« Last Edit: August 31, 2010, 19:50 by cybernesco »

« Reply #12 on: September 01, 2010, 00:25 »
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As FT backed down on the requirement for an ITIN, I am sure DT will as well.  Just look at the forum and it is already full of people demanding them to drop the ITIN requirement.  What will it be like when everyone finds out?...

I would suggest everyone joins with a simple and polite statement on DT forums. The more the better. No complaining or calling names is needed. Just stating the fact that ITIN should not be needed.

« Reply #13 on: September 01, 2010, 01:41 »
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is there a date cut? like before the date all the payment isn't taxed?

if there is a date, contributors who got affected should drawn it before the date.

jareso

  • Boris Jaroscak
« Reply #14 on: September 01, 2010, 01:50 »
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deleted - posted by mistake :)
« Last Edit: September 01, 2010, 01:52 by jareso »

« Reply #15 on: September 01, 2010, 02:12 »
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is there a date cut? like before the date all the payment isn't taxed?

if there is a date, contributors who got affected should drawn it before the date.

15th September

« Reply #16 on: September 01, 2010, 02:56 »
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Perhaps they haven't announced it yet so that only a few people fill out the form at first and they can work out any bugs.

rubyroo

« Reply #17 on: September 01, 2010, 03:06 »
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Oh God... here we go again.  I'm sure we all remember seeing some non-US contributors go through all the hoops, travel miles, spend the money etc to get an ITIN, only to find that they never needed it in the first place with both SS and FT - and Veer.  Those agencies obviously discovered something very precise in the legal wording that caused them to change their policy.  Does anyone know exactly what they discovered, so we can point DT to that information?
« Last Edit: September 01, 2010, 03:19 by rubyroo »

« Reply #18 on: September 01, 2010, 03:12 »
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so payout before this date shouldn't be taxed right?

in this case, there will be a rush of payment request..before 15 sep.


is there a date cut? like before the date all the payment isn't taxed?

if there is a date, contributors who got affected should drawn it before the date.

15th September

« Reply #19 on: September 01, 2010, 03:18 »
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^ Yes. Although I doubt many people leave any significant amounts there.

Well, there may be exceptions, like FD :]]

rubyroo

« Reply #20 on: September 01, 2010, 03:23 »
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Just answering my own question above.  A search on this forum for "ITIN number" brought up this thread:

http://www.microstockgroup.com/fotolia-com/no-need-for-an-itin-number-with-fotolia-or-any-other-site/

« Reply #21 on: September 01, 2010, 03:35 »
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So, Dreamstime is going to withdraw 30% from now on for all residents on non treaty countries?

No. If you read their statement any tax witholdings will only apply to earnings from US sales. As a European contributor your US sales are likely to be 15-20% of total earnings. If so, for a non-treaty contributor, your witholdings will therefore be closer to 6-7% to total earnings.

At least that is one point that SS appear to have learned from the mistakes at SS & FT.

Thanks Lisa for the heads-up on this issue.

« Reply #22 on: September 01, 2010, 04:08 »
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So, Dreamstime is going to withdraw 30% from now on for all residents on non treaty countries?

No. If you read their statement any tax witholdings will only apply to earnings from US sales. As a European contributor your US sales are likely to be 15-20% of total earnings. If so, for a non-treaty contributor, your witholdings will therefore be closer to 6-7% to total earnings.

At least that is one point that SS appear to have learned from the mistakes at SS & FT.

Thanks Lisa for the heads-up on this issue.
On SS it's also only US sales but on FT it's all sales (it still is, they haven't changed it). I really don't understand why it comes to this difference?

« Reply #23 on: September 01, 2010, 04:11 »
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So, Dreamstime is going to withdraw 30% from now on for all residents on non treaty countries?

No. If you read their statement any tax witholdings will only apply to earnings from US sales. As a European contributor your US sales are likely to be 15-20% of total earnings. If so, for a non-treaty contributor, your witholdings will therefore be closer to 6-7% to total earnings.

At least that is one point that SS appear to have learned from the mistakes at SS & FT.

Thanks Lisa for the heads-up on this issue.
On SS it's also only US sales but on FT it's all sales (it still is, they haven't changed it). I really don't understand why it comes to this difference?

Sorry, you're wrong. On Fotolia the withdraw only for sales in the US. At least for me...

« Reply #24 on: September 01, 2010, 04:23 »
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Sorry, you're wrong. On Fotolia the withdraw only for sales in the US. At least for me...
You submitted the form right? I didn't and they withdraw tax on all of my sales.

« Reply #25 on: September 01, 2010, 04:26 »
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So, Dreamstime is going to withdraw 30% from now on for all residents on non treaty countries?

No. If you read their statement any tax witholdings will only apply to earnings from US sales. As a European contributor your US sales are likely to be 15-20% of total earnings. If so, for a non-treaty contributor, your witholdings will therefore be closer to 6-7% to total earnings.

At least that is one point that SS appear to have learned from the mistakes at SS & FT.

Thanks Lisa for the heads-up on this issue.
On SS it's also only US sales but on FT it's all sales (it still is, they haven't changed it). I really don't understand why it comes to this difference?

Sorry, you're wrong. On Fotolia the withdraw only for sales in the US. At least for me...

You are right , for a non-treaty contributor on FT its only for sales in US , but you have to fill the form anyway , if u dont they take from every sale , at least it was like that for me

« Reply #26 on: September 01, 2010, 04:28 »
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Sorry, you're wrong. On Fotolia the withdraw only for sales in the US. At least for me...
You submitted the form right? I didn't and they withdraw tax on all of my sales.

So , u go and fill it , even if u are  a non-treaty contributor they will stop withdraw tax from each sale.

« Reply #27 on: September 01, 2010, 04:29 »
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Sorry, you're wrong. On Fotolia the withdraw only for sales in the US. At least for me...
You submitted the form right? I didn't and they withdraw tax on all of my sales.

I guess I did. So I understand that you didn't and now you cannot revert it and send the correct one?

« Reply #28 on: September 01, 2010, 05:10 »
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As FT backed down on the requirement for an ITIN, I am sure DT will as well.  Just look at the forum and it is already full of people demanding them to drop the ITIN requirement.  What will it be like when everyone finds out?  I find it hard to believe that they haven't sent out an email about this.  Don't the sites care about us anymore?  What happens to the people that don't read forums?

Right now they are facing the ITIN issue the hard way. Look at this recent post by Achilles:

Here is the process in 5 easy steps.
1. You fill the W8 with us (saying applied for). That's all it takes if you have an ITIN or are from a non treaty country.

If you don't have an ITIN and are not in a non treaty country, continue like this:
2. You fill the W7 and print it.
3. You wait for us to approve the W8 and mail you an official document with our letterhead.
4. You put the W7 and the official document into an envelope, along with a notarized copy of your passport and mail them to:
Internal Revenue Service
Austin Service Center
ITIN Operation
P.O. Box 149342
Austin, TX 78714-9342
5. You wait for the application to be approved (4-6 weeks) and send us the number when you receive the approval.

As far as I know the whole process is free. The only fees would be for the legalized copy and for mailing them.

During all this time you will enjoy the minimum withholding tax,according to the tax treaty just as you do elsewhere.
Honestly, it takes more to debate than to fill the 2 forms.

« Reply #29 on: September 01, 2010, 05:46 »
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So, Dreamstime is going to withdraw 30% from now on for all residents on non treaty countries?

No. If you read their statement any tax witholdings will only apply to earnings from US sales. As a European contributor your US sales are likely to be 15-20% of total earnings. If so, for a non-treaty contributor, your witholdings will therefore be closer to 6-7% to total earnings.

At least that is one point that SS appear to have learned from the mistakes at SS & FT.

Thanks Lisa for the heads-up on this issue.

Yes, I forgot about that. That's not too bad. Thx :)

« Reply #30 on: September 01, 2010, 05:52 »
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Sorry, you're wrong. On Fotolia the withdraw only for sales in the US. At least for me...
You submitted the form right? I didn't and they withdraw tax on all of my sales.

So , u go and fill it , even if u are  a non-treaty contributor they will stop withdraw tax from each sale.
I decided I don't wanna send my info to IRS. If you take that into account it's interesting to see that SS only taxes royalties that came from US buyers only and FT taxes all the royalties. (just to clarify: I didn't send the form on SS and also not on FT).

« Reply #31 on: September 01, 2010, 07:26 »
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^ Yes. Although I doubt many people leave any significant amounts there. Well, there may be exceptions, like FD :]]
Ah, you have been spying on the DT forum!  :P - Yes I forgot to ask payout for a while and I was stuck with about 1300$. As soon as I found out the rule would be applied after Sept 15, I rushed to ask payout. I hope they'll do it before Sept 15.  ;D
« Last Edit: September 01, 2010, 07:29 by FD-regular »

« Reply #32 on: September 01, 2010, 08:55 »
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Gah, this once again  >:(
I saw this thread and assumed i'd go through the easy process of filling the online form and presto, but no, we get the ITIN sh*t again; why cant they get their facts straight, why would the law be different for DT?!
We do NOT need an ITIN number and I also will not toss out my info to the IRS. Bleh.

donding

  • Think before you speak
« Reply #33 on: September 01, 2010, 09:58 »
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Here's the IRS site:
http://www.irs.gov/individuals/article/0,,id=96287,00.html

"Who needs an ITIN?
IRS issues ITINs to foreign nationals and others who have federal tax reporting or filing requirements and do not qualify for SSNs. A non-resident alien individual not eligible for a SSN who is required to file a U.S. tax return only to claim a refund of tax under the provisions of a U.S. tax treaty needs an ITIN.

Other examples of individuals who need ITINs include:
    A nonresident alien required to file a U.S. tax return
    A U.S. resident alien (based on days present in the United States) filing a U.S. tax return
    A dependent or spouse of a U.S. citizen/resident alien
    A dependent or spouse of a nonresident alien visa holder


How do I know if I need an ITIN?
If you do not have a SSN and are not eligible to obtain a SSN, but you have a requirement to furnish a federal tax identification number or file a federal income tax return, you must apply for an ITIN.
If you have an application for a SSN pending, do not file Form W-7. Complete Form W-7 only if the Social Security Administration (SSA) notifies you that a SSN cannot be issued.
To obtain a SSN, see Form SS-5, Application for a Social Security Card. To get Form SS-5 or to find out if you are eligible to obtain a SSN, go to Social Security Administration Website or contact a SSA office. By law, an alien individual cannot have both an ITIN and a SSN.
IRS processes returns showing SSNs or ITINs in the blanks where tax forms request SSNs. IRS no longer accepts, and will not process, forms showing "SSA205c," "applied for," "NRA," blanks, etc."


It sounds to me like if you don't have to file US income taxes you don't need one and the way it sounds is that you don't need one unless you are filing for a refund..Am I understanding that right???

Here is something else that may be a concern

"The Internal Revenue Service (IRS) Individual Tax Identification Number (ITIN) Program is announcing a moratorium effective January 1st through April 30th, 2010 on all new Forms 13551, Application to Participate in the IRS Acceptance Agent Program.

During the moratorium, the IRS will not accept or process Forms 13551, Application to Participate in the IRS Acceptance Agent Program. Only amendments to existing, approved agreements will be accepted during the moratorium. The ITIN Program will resume accepting applications during the new 2010  Acceptance Agent Open Season, effective May 1 through August 31, 2010."


I personally don't need one because I am in the Us...this is just info for those of you that have questions..

« Reply #34 on: September 01, 2010, 10:20 »
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Some internal on DT really make me confuse about lots of things,
other thing beside ITIN - that will take a lot of my time and money, because I have to got to capital city just to process it with not cheap in my country

Plus all the other agency that I have already submitted the form only deducted 10% from US selling, but DT keep telling me they have to deduct 15% by showing the same treaty that I read when tax withholding issue arise the first time. And they keep telling they do the right thing on those number (so the other stock sites where I submitted was wrong?????)

« Reply #35 on: September 01, 2010, 10:56 »
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Last post on page 7 by Achilles:

Quote
For now we will accept the W8BEN forms without the ITIN number and will continue to investigate this. To be 100% safe we continue to recommend to use the "applied for" option and to send the documents to the IRS.

There is no guarantee we will be able to withhold at the treaty rate if you didn't provide an ITIN and you didn't use the "applied for" option. But once again we will investigate this and for now we will use the same withholding rates as if you provide the ITIN, given that you are from a treaty country.

Considering that the launch is not far, it is better to make sure that the W8BEN forms are filled. If you encounter any issues please email support. Hope this makes everyone comfortable.


http://www.dreamstime.com/forumm_23797_pg7

« Reply #36 on: September 01, 2010, 11:14 »
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Hi Donding :) 
I've seen your post on DT forum. 5 minutes ago.
Thank you for taking the time to investigate this.
You're an American citizen, you live in Texas, it has nothing at all to do with you, thank you for trying your best to help us out :)

Fingers crossed :)

donding

  • Think before you speak
« Reply #37 on: September 01, 2010, 12:41 »
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Hi Donding :) 
I've seen your post on DT forum. 5 minutes ago.
Thank you for taking the time to investigate this.
You're an American citizen, you live in Texas, it has nothing at all to do with you, thank you for trying your best to help us out :)

Fingers crossed :)

Heh I gotta look out for you Anna... ;D

« Reply #38 on: September 01, 2010, 12:59 »
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Hi All,
it's the same old story... as we have seen for Shutter, Fotolia, ...
They now are now accepting the W-8BEN online form WITHOUT an ITIN, continuing the investigation:

"For now we will accept the W8BEN forms without the ITIN number and will continue to investigate this. To be 100% safe we continue to recommend to use the "applied for" option and to send the documents to the IRS.

There is no guarantee we will be able to withhold at the treaty rate if you didn't provide an ITIN and you didn't use the "applied for" option. But once again we will investigate this and for now we will use the same withholding rates as if you provide the ITIN, given that you are from a treaty country.

Considering that the launch is not far, it is better to make sure that the W8BEN forms are filled. If you encounter any issues please email support. Hope this makes everyone comfortable. "

So let's wait a couple of day and then fill the online form :-) I will make a post with a sample of the W-8BEN as I did for Fotolia.
Cheers,
        Roberto

« Reply #39 on: September 01, 2010, 13:11 »
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Hahahah Donding !
Someone's got to do it and I'm glad it's you :)

Hopefully Dreamstime will do the right thing and spare us the hassle.
I'm keeping my hopes high :)

Xalanx

« Reply #40 on: September 01, 2010, 15:22 »
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Dreamstime should really have a user on SS forum, so they can learn things such as how to deal with W8BEN and other matters.

« Reply #41 on: September 01, 2010, 16:53 »
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At least they have made a sensible decision quickly.  I hope they can soon set this up the same way as the other sites.

lisafx

« Reply #42 on: September 01, 2010, 17:15 »
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Very good to hear they got this ITIN business sorted out quickly.  :)

« Reply #43 on: September 01, 2010, 18:34 »
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At least they have made a sensible decision quickly.  I hope they can soon set this up the same way as the other sites.

Sharpshot, they have not made a sensible decision quickly.  This is what they have been asking us to do from the beginning.  They want you to tick the "applied for" option to cover their own arse.  If you tick this box and never apply for it and the decision about the ITIN turns around then you have not covered yourself.  Do you really want, 10 years down the track, the IRS chasing you for money you owe them because you ticked that box, did not apply for an ITIN and dreamstime didn't withhold 30%.  The IRS and tax company will also charge you interest on anything owed to them.  Do you really want this type of headache down the track?  At least with FT and SS, who only charge the treaty amount without the ITIN have come up with a solution and have spoken to the IRS.  Contributors are covered with them.  It is better to hold off and lose some tax dollars while DT sorts themselves out, then you getting caught out later on.

Please, rethink ticking the applied for option unless you're absolutely certain you will apply for it. 

Adios

(this is sunnymars)

« Reply #44 on: September 01, 2010, 19:40 »
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Anyhow another site which will pluck our rare feathers away, with or without they ability to impement that in easy way... grrrrrrrrrrrrr
Blahhh
iStock is laughing on this lets say problems........

« Reply #45 on: September 02, 2010, 02:22 »
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At least they have made a sensible decision quickly.  I hope they can soon set this up the same way as the other sites.

Sharpshot, they have not made a sensible decision quickly.  This is what they have been asking us to do from the beginning.  They want you to tick the "applied for" option to cover their own arse.  If you tick this box and never apply for it and the decision about the ITIN turns around then you have not covered yourself.  Do you really want, 10 years down the track, the IRS chasing you for money you owe them because you ticked that box, did not apply for an ITIN and dreamstime didn't withhold 30%.  The IRS and tax company will also charge you interest on anything owed to them.  Do you really want this type of headache down the track?  At least with FT and SS, who only charge the treaty amount without the ITIN have come up with a solution and have spoken to the IRS.  Contributors are covered with them.  It is better to hold off and lose some tax dollars while DT sorts themselves out, then you getting caught out later on.

Please, rethink ticking the applied for option unless you're absolutely certain you will apply for it. 

Adios

(this is sunnymars)
I never had any intention of ticking the applied for option as I'm not applying for it.  I was referring to their post that they will now accept the form without the ITIN and will investigate further.  If the only option is to tick the applied for box, I wont fill out the form.  I wont look until September 14th, hopefully we wont have to tick the applied for box by then.

rubyroo

« Reply #46 on: September 02, 2010, 02:50 »
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Yes, same here.  I won't be ticking the 'applied for' box, as that would be a lie.  I'll just sit this out and hope they reach the same conclusion as others have after further investigation.  I'm not prepared to go through all those hoops and extra costs for one agency.   

« Reply #47 on: September 02, 2010, 04:11 »
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At least they have made a sensible decision quickly.  I hope they can soon set this up the same way as the other sites.

Sharpshot, they have not made a sensible decision quickly.  This is what they have been asking us to do from the beginning.  They want you to tick the "applied for" option to cover their own arse.  If you tick this box and never apply for it and the decision about the ITIN turns around then you have not covered yourself.  Do you really want, 10 years down the track, the IRS chasing you for money you owe them because you ticked that box, did not apply for an ITIN and dreamstime didn't withhold 30%.  The IRS and tax company will also charge you interest on anything owed to them.  Do you really want this type of headache down the track?  At least with FT and SS, who only charge the treaty amount without the ITIN have come up with a solution and have spoken to the IRS.  Contributors are covered with them.  It is better to hold off and lose some tax dollars while DT sorts themselves out, then you getting caught out later on.

Please, rethink ticking the applied for option unless you're absolutely certain you will apply for it. 

Adios

(this is sunnymars)
I never had any intention of ticking the applied for option as I'm not applying for it.  I was referring to their post that they will now accept the form without the ITIN and will investigate further.  If the only option is to tick the applied for box, I wont fill out the form.  I wont look until September 14th, hopefully we wont have to tick the applied for box by then.


Things are going fast. This is a recent post by a DT Admin:
Message posted at 09/02/2010, 03:11:56 AM by Tano - member is an admin     
   
Originally posted by Kaspri:
Quoted Message: Not true, actually -- since it is still impossible to submit the form without checking the "applied for (10%)" button in section 6!


We have fixed this.
You don't need to fill the ITIN field anymore


They repeated the same steps as SS and FT did before. Is unbelievable how unprofessionally can be a company conducted. Yesterday, after the rush of complaints in their forum they stated that they where assisted by layers and they where sure about the ITIN number and all that $hit.  A few ours later they tell us to tick the box and wait what happens. Now, no ITIN anymore... Sounds very amateur to me.

« Reply #48 on: September 02, 2010, 06:04 »
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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.
« Last Edit: September 02, 2010, 06:06 by sharpshot »

« Reply #49 on: September 02, 2010, 10:37 »
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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.
Well DT put up a very big fat notice on the front page. I can't imagine any serious contributor not checking DT at least once per 3 days or so.

« 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 »
0
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 »
0
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 »
0
Erm....should I say my case, or should I keep silent...   ::)

« Reply #60 on: September 11, 2010, 15:58 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
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 »
0
This Brad Calkins is gonna be real famous! ahahah

« Reply #75 on: September 23, 2010, 09:10 »
0
Bad news.. I received the same letter again asking for ITIN but with my name this time....

« Reply #76 on: September 23, 2010, 09:16 »
0
Bad news.. I received the same letter again asking for ITIN but with my name this time....

Same thing here... they are just driving me crazy!
But, again, I submitted a W-8 not a W-7!!!
If they will charge me the 30% because of the ITIN issue I will consider taking off my portfolio from their servers.

« Reply #77 on: September 23, 2010, 09:19 »
0
Well, I applied for an ITIN anyhow, because I need it for other purposes as well. But it is a nuisance.

« Reply #78 on: September 23, 2010, 11:29 »
0
new e-mail:

You received the letter because you marked "applied for" for the ITIN on your W-8 form. If you want to apply for the ITIN, you will need the letter below and this is the reason we sent it. If you are not applying for the ITIN, then please just disregard the letter.

 

« Reply #79 on: September 24, 2010, 09:10 »
0
new e-mail:

You received the letter because you marked "applied for" for the ITIN on your W-8 form. If you want to apply for the ITIN, you will need the letter below and this is the reason we sent it. If you are not applying for the ITIN, then please just disregard the letter.

alright, same email here too. He apologized afterall.
Why does every agency have to go through this "ITIN hysteria" everytime they discover we need to be taxed?
How frustrating  :-\

eggshell

« Reply #80 on: September 28, 2010, 11:16 »
0
Applied more than 3 weeks ago , still no answer . Gotta love those delays

« Reply #81 on: November 24, 2010, 17:28 »
0
This Brad Calkins is gonna be real famous! ahahah

I was kind of hoping to get my few minutes of fame some other way :)

« Reply #82 on: November 24, 2010, 17:33 »
0
I was kind of hoping to get my few minutes of fame some other way :)

OMG it's the famous Brad replying!!  ;D
Well you did have your minutes of glory my friend ;)


 

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