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Microstock Photography Forum - General => General Stock Discussion => Topic started by: Stephan on April 05, 2016, 08:03

Title: Tax Withheld
Post by: Stephan on April 05, 2016, 08:03

Due to some changes on my account I forgot to send renewed W-8 tax form at iStock. Now they charged me 30% on US and 28% on NON-US sales.

Is there a chance I can claim back this tax for 2015?


I also had the same issue last month at Shutterstock with the same situation.


Thanks for the help

Title: Re: Tax Withheld
Post by: angelawaye on April 05, 2016, 08:22

They withheld some of my money too because I turned it in late, but you get to claim it off your tax return so there is less liability that you will owe... look on your MISC 1099 and make sure to put the withholding amount on your tax return.

Title: Re: Tax Withheld
Post by: thepokergod on April 06, 2016, 02:15

Quote from: Stephan on April 05, 2016, 08:03

Due to some changes on my account I forgot to send renewed W-8 tax form at iStock. Now they charged me 30% on US and 28% on NON-US sales.

Is there a chance I can claim back this tax for 2015?


I also had the same issue last month at Shutterstock with the same situation.


Thanks for the help

Have they sent you the payment yet?

I noticed this on one of my statements, contacted them before they made payment, submitted a new W8BEN and got paid in full.

Edit: this was for Getty.