MicrostockGroup

Agency Based Discussion => Adobe Stock => Topic started by: images on November 18, 2013, 12:39

Title: Withholding tax and withholding
Post by: images on November 18, 2013, 12:39
My tax forms state that my tax withholding is 0%. This is true for most of my files. But I see I had a few files sold where the information includes "(withholdings included at 30%)"

They balance the withholding with this:

06-20-2013
05:51:44 pm   Withholding
Image sold with subscription at 06-20-2013 05:51:44 pm
File ID: 52834752    -0.08   

Why would some files have this? I'd think my withholding percentage is absolute regardless of where/why/how the file is sold.
Title: Re: Withholding tax and withholding
Post by: luissantos84 on November 18, 2013, 15:00
contact them
Title: Re: Withholding tax and withholding
Post by: images on November 18, 2013, 21:20
contact them

I did. I got what seems to be a canned response.
"Any transactions processed prior to the validation of your tax form were subject to withholding. All transactions processed after the validated form are subject to the terms outlined by the IRS and tax treaty. Please consult a local tax professional for more information."

If they had actually checked they would see that the photos were sold AFTER the tax form was validated. I have replied with the relevant reference dates.
Title: Re: Withholding tax and withholding
Post by: images on November 19, 2013, 20:50
Their response was to repeat:

"In accordance with the IRS tax treaty we were required to withhold 30% from these transactions. Please consult with a local tax professional or the IRS for more information."

Naturally, the few cents deducted from these photos doesn't justify me paying anyone to check it. But the whole idea is bizarre. How could a tax professional tell me anything about this? We have no way of seeing what the difference is between the photos that got withholding deductions and the photos that did not.
Title: Re: Withholding tax and withholding
Post by: luissantos84 on November 19, 2013, 20:54
lets hope that someone from FT shows up here and solves this matter, you can always open a topic at their forum

http://www.fotolia.com/forum/viewforum.php?id=7 (http://www.fotolia.com/forum/viewforum.php?id=7)
Title: Re: Withholding tax and withholding
Post by: images on November 19, 2013, 21:31
lets hope that someone from FT shows up here and solves this matter, you can always open a topic at their forum

[url]http://www.fotolia.com/forum/viewforum.php?id=7[/url] ([url]http://www.fotolia.com/forum/viewforum.php?id=7[/url])


Done.
Title: Re: Withholding tax and withholding
Post by: MatHayward on November 20, 2013, 18:45
Tax rates are governed by the tax treaty between the US Government and countries outside the US.  As far as I know, Fotolia has no control over that rate.  The commission on images sold to US buyers would be subject to the withholding determined by the treaty between your country and America.

-Mat