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Microstock Photography Forum - General => General Stock Discussion => Topic started by: takestock on January 25, 2009, 16:10

Title: Tax Forms from SS - What about the others?
Post by: takestock on January 25, 2009, 16:10

Most contributors are probably aware by now about the recent request from SS for completed tax forms.

What I'm wondering is - has anyone heard from any of the other agencies.
For me, it has just been SS.

Title: Re: Tax Forms from SS - What about the others?
Post by: Randy McKown on January 25, 2009, 21:33

I have had to fill them out for every agency in the Big 6 and a couple others. Some of the agencies just don't bother mentioning it until you have went over the payout level that requires you to pay taxes on it.

Title: Re: Tax Forms from SS - What about the others?
Post by: eric.zx on January 25, 2009, 21:41

I've only encountered it at IS so far, and it's actually hindering my application for photographer because I have to send out a letter to their Canadian office.

But I haven't had any payouts yet, so as xposurepro pointed out, that stuff would have to be filled out when you actually try to get the money.

Title: Re: Tax Forms from SS - What about the others?
Post by: Peter on January 26, 2009, 04:13

SS never send me any email about this, so I didnt submit anything to them yet.

Also no other agency ever asked for any document except passport ID

Title: Re: Tax Forms from SS - What about the others?
Post by: takestock on January 26, 2009, 04:45

Quote from: xposurepro on January 25, 2009, 21:33

I have had to fill them out for every agency in the Big 6 and a couple others. Some of the agencies just don't bother mentioning it until you have went over the payout level that requires you to pay taxes on it.

Yes. it's obviously down to level of earnings, but we really could do with some "Clarification" in a big way!
So many, so confused. I feel all this could be included in each site's " Contributors FAQ"
Would make it a lot easier for everyone.

Title: Re: Tax Forms from SS - What about the others?
Post by: lisafx on January 26, 2009, 12:04

I am surprised you guys are getting tax forms from istock.  Are you in Canada? 

I have never received any tax form from istock, nor from StockXpert, 123 or the smaller agencies.  I claim the income anyway, though.  No point in running afoul of the IRS.

Title: Re: Tax Forms from SS - What about the others?
Post by: eric.zx on January 26, 2009, 14:57

Quote from: lisafx on January 26, 2009, 12:04

I am surprised you guys are getting tax forms from istock.  Are you in Canada? 

I have never received any tax form from istock, nor from StockXpert, 123 or the smaller agencies.  I claim the income anyway, though.  No point in running afoul of the IRS.

Yeah, I am in Canada. They're saying that I need to send out my social insurance number to their office so that they can prepare tax forms for possible earnings before they even look at my application. I personally have not encountered anything similar at SS, DT, FT, BigStock, CanStockPhoto (StockXpert still pending). It must be some new rules that are likely to be implemented at most major agencies since they're claiming they are required to do this by the government.