MicrostockGroup

Agency Based Discussion => Shutterstock.com => Topic started by: Phadrea on March 25, 2013, 09:17

Title: 1041-S form help in UK
Post by: Phadrea on March 25, 2013, 09:17

I posted this on the Shutterstock forums last week with no response so hopefully someone here might help.

I have never had one of these 1041-S forms before and I am not sure what I am to do with it or if any money is being held. All it states is net and gross income which are the same figure.

Title: Re: 1041-S form help in UK
Post by: Microbius on March 25, 2013, 10:44

You shouldn't be having any tax withheld because you are in a zero tax treaty country (provided you gave them the right forms when they were asking for them).

I couldn't work out what those forms they sent through the post were about, and as I am not having tax withheld I just ignored them.

I couldn't work out what the figures corresponded too either.

Title: Re: 1041-S form help in UK
Post by: rudyumans on April 11, 2013, 14:45

I just saw this.

The main question is who is asking you to complete a 1041S? That form is for trusts held in the US. Are you the trustee of an US based trust?