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Tax Interview

Started by grace, January 23, 2015, 02:50

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grace

Hi all, I just filling in the tax interview, but for the last page that wrote "Capacity in which acting", how to fill in this coloumn?Thanks

dpimborough

You could put "Self" in?

Semmick Photo

I always fill in Creative Owner, or Owner, thats my capacity, running my own business. If you are partner your should fill in Partner, or something to that extend.

PZF

I gather this needs to be filled in - but where do you find it? I see no link or anything though I did get an email from Payoneer (my current option) about changing payment method on IS....

akaza

Just type "Individual;)

pixsol

Quote from: PZF on January 23, 2015, 08:04
I gather this needs to be filled in - but where do you find it? I see no link or anything though I did get an email from Payoneer (my current option) about changing payment method on IS....

On your profile page, you will see on the left side of the page under 'Contributor Tools' the options 'Payment Information' (to update your payment details) and the 'Tax Interview'.

jarih

It's stuck, I can't go further than a "profile". After Continue it's totally stuck.. nothing happens.. I tried Safari and Crome.. I use partnerships and so on..
"Money won't make you happy" © Kelly Thompson

niserin

I am stuck on Sign and Submit tab. The field Submit W8BEN is inactive....

Jo Ann Snover

#8
At the end of the first (instructions) page for the Tax Interview it says:

"Do not update your tax information using our tax interview if you want to be the payee for the account. A change of payee requires a change to your agreement."

Of course I want to be the payee for my own account! I am a US resident and thus shouldn't have any tax withheld, but I never filled out a W9 with iStock before because they were not a US company.

From the forum FAQ it says

"What happens if I don't do the Tax Interview?

You will be subject to maximum withholding tax."

and

"I'm a US Citizen will I have taxes deducted from my payments? - new

If you are a US person or business and complete the tax interview (completing a W9) you will not have taxes deducted from your payments."

So I have to complete the tax interview, I guess?

Edited to add that I did complete it, and they now have a W-9.

Perhaps the first quote about not doing the tax interview if you want to be the payee for the account relates only to cases where you wish to change the account payee and they're trying to tell you not to do it via the tax interview.

ShadySue

Well, the very first question, Individual, Sole Proprietor or Business, I thought I'd better see Help to find out whether I'm US-legally an Individual or a Sole Proprietor, and Help told me:
"Individual, Sole Proprietor or Business?
If you are preparing tax information as an Individual or Sole Proprietor, select the appropriate "Individual" or "Sole Proprietor" radio button."

Help? = 'not as advertised'. Bl**dy obvious information, but not telling what we need to know, and I've seen two different interpretations on two different groups discussing this, both peer information, not official.
FLOG

Jo Ann Snover

Quote from: ShadySue on January 23, 2015, 16:42
Well, the very first question, Individual, Sole Proprietor or Business, I thought I'd better see Help to find out whether I'm US-legally an Individual or a Sole Proprietor, and Help told me:
"Individual, Sole Proprietor or Business?
If you are preparing tax information as an Individual or Sole Proprietor, select the appropriate "Individual" or "Sole Proprietor" radio button."

Help? = 'not as advertised'. Bl**dy obvious information, but not telling what we need to know, and I've seen two different interpretations on two different groups discussing this, both peer information, not official.
FLOG

Unless you have a company of which you are the owner and sole proprietor (i.e. not a partnership) you should select individual :)

ShadySue

Quote from: Jo Ann Snover on January 23, 2015, 16:49
Quote from: ShadySue on January 23, 2015, 16:42
Well, the very first question, Individual, Sole Proprietor or Business, I thought I'd better see Help to find out whether I'm US-legally an Individual or a Sole Proprietor, and Help told me:
"Individual, Sole Proprietor or Business?
If you are preparing tax information as an Individual or Sole Proprietor, select the appropriate "Individual" or "Sole Proprietor" radio button."

Help? = 'not as advertised'. Bl**dy obvious information, but not telling what we need to know, and I've seen two different interpretations on two different groups discussing this, both peer information, not official.
FLOG

Unless you have a company of which you are the owner and sole proprietor (i.e. not a partnership) you should select individual :)
Thanks Jo-Ann. I decided to do that on the grounds they'd get back to me if it was wrong.
Now completed and I have 0% to pay the US.

polar

I just filled mine out. I noticed there was one question asking whether "you've been in the US in the past two years." It so happens I haven't been so I checked no. But I might make some short visits there in the next few years if the Canadian dollar ever recovers :-(.  It says you're supposed to update the form if anything you've said "becomes incorrect" so does that mean I have to update this form every time I take a trip to the US?

ShadySue

Quote from: polar on January 23, 2015, 17:43
I just filled mine out. I noticed there was one question asking whether "you've been in the US in the past two years." It so happens I haven't been so I checked no. But I might make some short visits there in the next few years if the Canadian dollar ever recovers :-(.  It says you're supposed to update the form if anything you've said "becomes incorrect" so does that mean I have to update this form every time I take a trip to the US?

I had a big think about whether my three days in San Diego en route to Baja counted, but apparently not when I read the small print.

sgoodwin4813

Thanks for posting about that - I didn't realize we needed to do this and it would have been annoying to have tax withheld.

polar

Quote from: ShadySue on January 23, 2015, 17:51
Quote from: polar on January 23, 2015, 17:43
I just filled mine out. I noticed there was one question asking whether "you've been in the US in the past two years." It so happens I haven't been so I checked no. But I might make some short visits there in the next few years if the Canadian dollar ever recovers :-(.  It says you're supposed to update the form if anything you've said "becomes incorrect" so does that mean I have to update this form every time I take a trip to the US?

I had a big think about whether my three days in San Diego en route to Baja counted, but apparently not when I read the small print.

Where's the small print? Can I see it now that I've already completed the form?

ShadySue

Quote from: polar on January 23, 2015, 18:01
Quote from: ShadySue on January 23, 2015, 17:51
Quote from: polar on January 23, 2015, 17:43
I just filled mine out. I noticed there was one question asking whether "you've been in the US in the past two years." It so happens I haven't been so I checked no. But I might make some short visits there in the next few years if the Canadian dollar ever recovers :-(.  It says you're supposed to update the form if anything you've said "becomes incorrect" so does that mean I have to update this form every time I take a trip to the US?

I had a big think about whether my three days in San Diego en route to Baja counted, but apparently not when I read the small print.

Where's the small print? Can I see it now that I've already completed the form?
Can't remember, and I'm not sure if it was actually 'small', but there were definitions on that page.
I think you'd need to check yourself if you can go back to see.

polar

Quote from: ShadySue on January 23, 2015, 18:19
Quote from: polar on January 23, 2015, 18:01
Quote from: ShadySue on January 23, 2015, 17:51
Quote from: polar on January 23, 2015, 17:43
I just filled mine out. I noticed there was one question asking whether "you've been in the US in the past two years." It so happens I haven't been so I checked no. But I might make some short visits there in the next few years if the Canadian dollar ever recovers :-(.  It says you're supposed to update the form if anything you've said "becomes incorrect" so does that mean I have to update this form every time I take a trip to the US?

I had a big think about whether my three days in San Diego en route to Baja counted, but apparently not when I read the small print.

Where's the small print? Can I see it now that I've already completed the form?
Can't remember, and I'm not sure if it was actually 'small', but there were definitions on that page.
I think you'd need to check yourself if you can go back to see.

Okay, thanks. I have no plans to visit the US in 2015, so I'll just let it go for now. When I make a trip down there, I'll go back to the form and see if I need to update it.

I assume that what they're really looking for are people who stay in the States for longer periods of time and/or do some work there, not people who go for a week or two on vacation. Can you recall the gist of what you read that made you conclude that your three-day stopover didn't count?

ShadySue

Quote from: polar on January 23, 2015, 18:35
I assume that what they're really looking for are people who stay in the States for longer periods of time and/or do some work there, not people who go for a week or two on vacation. Can you recall the gist of what you read that made you conclude that your three-day stopover didn't count?
Exactly that, a vacation didn't count. There were various visa specifications, and the tourist visa wasn't there.
I'm not sure how they'd regard it if, as a non-US citizen, you went there for a few days or weeks and shot some files for stock ...  ::)

sgoodwin4813

As long as you didn't earn any money while in the US I think you should be OK.

Jo Ann Snover

I realize reading this anguished English is a form of torture, but all the rules are (I think) on the IRS instructions for form W-8ben, should you want to go back and re-read details or see if you need to change something in the future

http://www.irs.gov/pub/irs-pdf/iw8ben.pdf

polar

Quote from: Jo Ann Snover on January 23, 2015, 19:54
I realize reading this anguished English is a form of torture, but all the rules are (I think) on the IRS instructions for form W-8ben, should you want to go back and re-read details or see if you need to change something in the future

http://www.irs.gov/pub/irs-pdf/iw8ben.pdf

Thanks for this link. I took a quick look at the document and yes, it is indeed a torture to read. In one section, it says you may be considered a US resident for tax purposes depending on the "number of days you are physically present in the US over a period of three years" and refers to yet another document for details. In another section, it mentions people who stay in the States for more than 183 days in a calendar year. I know Canadian "snow birds" (seniors who spent most of the winter in Florida or Arizona) have to be careful how long they stay or they will be taxed.

None of this applies to me at the moment so I'll revisit it if I plan any longish trips down there. But I wouldn't be working down there in any event.

PixelBytes

I did the tax interview, but I don't see where to pick the payment method for new payout structure .   Anybody know that?

ShadySue

Quote from: PixelBytes on January 24, 2015, 01:38
I did the tax interview, but I don't see where to pick the payment method for new payout structure.   Anybody know that?
Mine came up immediately I'd finished the tax interview.
I had to do it twice: the first time it said I had no payment method selected, the second time 'fixed' it.

PixelBytes

Quote from: ShadySue on January 24, 2015, 01:56
Quote from: PixelBytes on January 24, 2015, 01:38
I did the tax interview, but I don't see where to pick the payment method for new payout structure.   Anybody know that?
Mine came up immediately I'd finished the tax interview.
I had to do it twice: the first time it said I had no payment method selected, the second time 'fixed' it.

Mine did not come up, but I did find it on the left of my profile, so I am set up now.