Microstock Photography Forum - General > General Stock Discussion
About taxes and specially US forms
Mrblues101:
I am not as active in MicroStock business since SS change the payment rates in 2019... anyway sometimes I still upload some pics and I also get a floor incoming from my previous work...
Anyway, I am considering creating a new company within USA being non-resident.
I just want to ask, did my old SS and DreamsTime US tax payer status make this process more complicated? After all, I am a tax payer within USA.
In the other hand, I always have two different forms, one for DreamsTime and one for SS, this was ok?? Or should I see the way to use the same number and same forms for both agencies??
cascoly:
--- Quote from: Mrblues101 on December 07, 2022, 09:19 ---I am not as active in MicroStock business since SS change the payment rates in 2019... anyway sometimes I still upload some pics and I also get a floor incoming from my previous work...
Anyway, I am considering creating a new company within USA being non-resident.
I just want to ask, did my old SS and DreamsTime US tax payer status make this process more complicated? After all, I am a tax payer within USA.
In the other hand, I always have two different forms, one for DreamsTime and one for SS, this was ok?? Or should I see the way to use the same number and same forms for both agencies??
--- End quote ---
you'll need to check with the IRS website for details on any changes
but old statements shouldn't matter - you would just report the 1099 you receive for current tax year
not sure which 'number' you're referring to
Mrblues101:
--- Quote from: cascoly on December 07, 2022, 13:52 ---
--- Quote from: Mrblues101 on December 07, 2022, 09:19 ---I am not as active in MicroStock business since SS change the payment rates in 2019... anyway sometimes I still upload some pics and I also get a floor incoming from my previous work...
Anyway, I am considering creating a new company within USA being non-resident.
I just want to ask, did my old SS and DreamsTime US tax payer status make this process more complicated? After all, I am a tax payer within USA.
In the other hand, I always have two different forms, one for DreamsTime and one for SS, this was ok?? Or should I see the way to use the same number and same forms for both agencies??
--- End quote ---
you'll need to check with the IRS website for details on any changes
but old statements shouldn't matter - you would just report the 1099 you receive for current tax year
not sure which 'number' you're referring to
--- End quote ---
I also don't know about the 'number' I am refering, I just never pay attention to tax thing up to now. My point with the 'number' is that by filling the form I get a "US tax payer ID" or something, and once I get I should use the same for each agency (??).
I never do nothing with the 1099 form I get from SS, my interpretation was that by not being US recident I should use this in my country for local taxes proposes, I am wrong?
Mrblues101:
Ok, I just keep researching about it, and I realize that the "number" I was talking about is the ITIN (Individual Tax Identification Number).
So, by filling the SS and DT tax forms, did this assignated me an ITIN??
SpaceStockFootage:
You need to apply to the IRS to get a ITIN... but you don't really need one, as a non-US individual you should be using your Foreign Tax Identification Number, which is your tax ID in your own country. Although if you have, or do, set up a US company then you'll be using the ITIN instead, which should be provided to you at some point during the setup.
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