Author Topic: Shutterstock 1099 Tax Form (Read 12699 times)

takestock · « **on:** January 16, 2009, 04:55 »

As someone living in the Euro zone, can you tell me if I have to complete this form as recently requested by SS.

borg · « **Reply #1 on:** January 16, 2009, 08:12 »

Here is something...
http://www.microstockgroup.com/index.php?topic=5395.0
Comment please...

takestock · « **Reply #2 on:** January 16, 2009, 08:40 »

Quote from: borg on January 16, 2009, 08:12

Here is something...
http://www.microstockgroup.com/index.php?topic=5395.0
Comment please...

Thanks very much Borg - seems to have answered my query OK.
In the meantime, I had already contacted support - I await confirmation.

Jack Schiffer · « **Reply #3 on:** January 16, 2009, 10:01 »

Well I made less then $100.00 and they still want a 1099 from me

takestock · « **Reply #4 on:** January 16, 2009, 15:35 »

Quote from: Jack Schiffer on January 16, 2009, 10:01

Well I made less then $100.00 and they still want a 1099 from me

Same for me, I am below the $400 mark but they still issued the form.
I think there may be a glitch there.

borg · « **Reply #5 on:** January 16, 2009, 15:59 »

If I understand well, you are not U.S. citizens ...
Why they send you this form 1099!?

Is this some kind of agreement via US-EU, or only a glitch?
On their site is only W-9 form (U.S. citizens only)...
Where is the difference between W-9 and 1099!?

borg · « **Reply #6 on:** January 16, 2009, 16:05 »

Deleted

yingyang0 · « **Reply #7 on:** January 16, 2009, 17:08 »

Quote from: borg on January 16, 2009, 15:59

If I understand well, you are not U.S. citizens ...
Why they send you this form 1099!?

Income from sources within the U.S. is subject to taxation in the U.S. under 26 USC 861(a)(4) when you're selling copyrighted material.

"(a) Gross income from sources within United States.--The following items of gross income shall be treated as income from sources within the United States:
...
(4) Rentals and royalties.--Rentals or royalties from property located in the United States or from any interest in such property, including rentals or royalties for the use of or for the privilege of using in the United States patents, copyrights, secret processes and formulas, good will, trade-marks, trade brands, franchises, and other like property."

borg · « **Reply #8 on:** January 16, 2009, 17:19 »

I am confused...

Yes, but for whom?

I found something similar...
http://www.liewcf.com/blog/archives/2006/06/w8-form-for-non-us-residents/

For non-U.S residents who earned money from U.S based online affiliate programs, you will be asked to submit a W8 form. Don’t be frightened by this U.S government document. It is very easy to fill in the form. I’ll show you how.

W8 form or W-8BEN is the “Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding”. It is required by the U.S. based company so that they don’t need to report to the U.S. tax office about any income paid to you.

borg · « **Reply #9 on:** January 16, 2009, 17:41 »

And this is the answer...
...
it would be the W8 for non-US submitters. It is for record-keeping purposes; you are not being asked to pay US taxes.

madelaide · « **Reply #10 on:** January 17, 2009, 13:00 »

I may be wrong about it, but I think countries may charge income taxes from foreigners if they cash this money only in their country. Some countries have reciprocity agreements, in which you may pay income taxes only in the country of residence.

Here in Brazil, even if I don't bring to the country the money I earn abroad, I have to declare it and pay income taxes, and I can compensate any income taxes paid in countries with which we have this reprocity agreement. Having just checked this, USA and UK are not one of these countries, most European countries are.

Regards,
Adelaide

JerryL5 · « **Reply #11 on:** January 17, 2009, 13:27 »

As Borg said, what they actually want is the W9 for US, and W8 for others.
It is for their records only. Although US citizens should report all income,
even if not enough to pay taxes on, the 1099 form is only sent to
submitters who have more than $400 in sales.

So go ahead and download the W9 or W8, fill it in and send it to SS in the way they ask.

takestock · « **Reply #12 on:** January 17, 2009, 13:52 »

Quote from: JerryL5 on January 17, 2009, 13:27

As Borg said, what they actually want is the W9 for US, and W8 for others.
It is for their records only. Although US citizens should report all income,
even if not enough to pay taxes on, the 1099 form is only sent to
submitters who have more than $400 in sales.

So go ahead and download the W9 or W8, fill it in and send it to SS in the way they ask.

Yes, it seem you are right with the above. However, (as an EU citizen) I was sent a W9 link. I still await clarification from support.

borg · « **Reply #13 on:** January 17, 2009, 16:19 »

Quote from: borg on January 16, 2009, 17:41

And this is the answer...
...
it would be the W8 for non-US submitters. It is for record-keeping purposes; you are not being asked to pay US taxes.

Hi guys!

This is not my conclusion, Only transmit what I have read.
Go to the SS forum and find the last topic about 1099 tax form, there is some answers...
My opinion is that is only for a record on a agency...

But, what is OUR conclusion, for non-resident aliens,do we have to pay taxes in US or not!?
Older topics here say NO...

Regards

borg · « **Reply #14 on:** January 17, 2009, 16:45 »

Takestock, I think you were not supposed to send the W-9, it is the only for U.S. citizen, indicated on SS account where is legal forms...

Also on their site does not have a W-8...

reckless · « **Reply #15 on:** January 17, 2009, 18:43 »

I'm not an accountant, but I think a 1099 just shows money they have paid you, so you can report earnings if you have to file income taxes. (In the USA)

alpy7 · « **Reply #16 on:** January 18, 2009, 23:14 »

Quote from: JerryL5 on January 17, 2009, 13:27

As Borg said, what they actually want is the W9 for US, and W8 for others.
It is for their records only. Although US citizens should report all income,
even if not enough to pay taxes on, the 1099 form is only sent to
submitters who have more than $400 in sales.

So go ahead and download the W9 or W8, fill it in and send it to SS in the way they ask.

My answer from SS was they are changing the $400 rule to $10.(even though the least would be $75.00???) According to support you will receive a 1099 if you cashed out last year. US anyways. Not sure how it would be for non US.

PaulieWalnuts · « **Reply #17 on:** January 19, 2009, 08:22 »

And I just noticed the dollar amount in the email is ALL of my earnings from 2007 and 2008. This is a tax form for 2008. Regardless of how much they paid out, isn't this form supposed to be for what you earned in 2008?

takestock · « **Reply #18 on:** January 19, 2009, 08:32 »

We really need SS to issue someting to clarify all of this.
So far nothing!

hali · « **Reply #19 on:** January 19, 2009, 09:10 »

Quote from: reckless on January 17, 2009, 18:43

I'm not an accountant, but I think a 1099 just shows money they have paid you, so you can report earnings if you have to file income taxes. (In the USA)

I think you're right. Only citizens of that country has tax withheld. All others get a form to indicate the amount of income /commission paid to them. You declared that to your country's IRS
if you have any taxable income.
At least that is from my understand of taxation laws . It should be no different anywhere.

borg · « **Reply #20 on:** January 19, 2009, 09:54 »

Quote from: hali on January 19, 2009, 09:10

Quote from: reckless on January 17, 2009, 18:43
I'm not an accountant, but I think a 1099 just shows money they have paid you, so you can report earnings if you have to file income taxes. (In the USA)

I think you're right. Only citizens of that country has tax withheld. All others get a form to indicate the amount of income /commission paid to them. You declared that to your country's IRS
if you have any taxable income.
At least that is from my understand of taxation laws . It should be no different anywhere.

I think you have right!

W8 is only in tracking or evidence purposes of agency,probably because of their obligations, foreigners possibly pay taxes in their country if they have to...

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Author Topic: Shutterstock 1099 Tax Form (Read 12699 times)

takestock

borg

takestock

Jack Schiffer

takestock

borg

borg

yingyang0

borg

borg

madelaide

JerryL5

takestock

borg

borg

reckless

alpy7

PaulieWalnuts

takestock

hali

borg

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