Distrokid tax reddit. The problem is, I don't have a US tax I.

 

Distrokid tax reddit. Artists: Form 1099-MISC will be distributed on March 31st. For any help completing the forms, please consult a tax professional. Australian. 1099s are individual artists actions. Its funny because Hungary no longer has a tax law with the US since like 2024 January, which is extremely sad and odd. This subreddit is temporarily private as part of a joint protest to Reddit's recent API changes, which breaks third-party apps and moderation tools, effectively forcing users to use the official Reddit app. individuals, or the W-8BEN for non-U. You do have to contact DK for their tax id / ein. Distrokid "Foreign Tax Identification number" Hi, I (19) live in the UK and I have just made and uploaded my first album online through distrokid. 91 i never got anything on my bank. In the USA you dont have to file taxes unless you make over a certain amount for a job. After reviewing your 1099-MISC, you’ll then need to file a tax return and potentially pay taxes on the income. Once the year has ended, Distrokid will use the information in your Form W-9 to prepare another tax form: Form 1099-MISC. You need to speak with a tax expert in your local country. On this quick DistroKid Tutorial for Beginners, I answer this super common question I've been getting: Do you have to report your DistroKid Earnings on your See full list on augur. NOTE: I’m not a tax person and this is just what I’ve been able to figure out by reading online. D number (or whatever you call it) or a Foreign tax identifying number. I am in Europe and my country has a treaty with US, so I get only 5% US tax. Of course they don’t have a number and I have to wait 48 hours to get a response. If the US government doesn’t have a tax treaty with your country, your situation will be the same as it currently is. Please consult a tax professional if you have any questions about the information here. 1042-S is a form that the US tax authority (IRS) send to foreign people that have earned income in the U. I've noticed some shenanigans when it comes to how distrokid handles taxes, i'm living in a non-US country and according to their guidelines I should be paying 10% of tax instead od 30% - knowing this i've changed my tax forms and updated my info some time ago but the money they took already is nowhere to be seen which is really discouraging. Gotta go to IRS website and fill it out. Unsolved. as i see people saying there is 30% tax for people that outside from usa can i do something about it and get rid of that 30%? Well I cant access my tax report from Distrokid, no matter what I do. , so I'm wondering if I should use the W-8BEN form instead. DistroKid doesn’t send paper statements, or at least I’ve never received any. No info anywhere where these 5% go, but it's probably(99%) the 5% tax. I have some fear, because, imagine my music archieves, for example, 1000$. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Hello! Thanks for posting on r/WeAreTheMusicMakers. Ive tried everything. Discussions. ) You may not promote anything - your music/video, your services, your free services, your social media, your Discord server etc. 1: I can't check the report. Pretty new to this, can anyone shed some light? Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. The people withholding the tax are not the tax agents you need to speak with. Filing taxes with the Distrokid tax form. Any EU (specifically UK) members who use distrokid have any idea what the special rate section means when inputting tax info? The line reads "Special rate and conditions (if applicable): The beneficial owner is claiming the provisions of Article and paragraph 12(1) of the treaty identified on line 9 above to claim a 0 % rate of withholding on Royalties " Hey I'm in this situation right now. tax withholding, you can file a nonresident tax return (Form 1040-NR) to claim a refund of the taxes Distrokid withheld from your payouts. Do it 10 times, 500$ and now you owe income tax on it. Just to test out how the "Bank" system works, I purchased my album on itunes. This tax form is called the Form 1040-NR. - outside of the weekly Promotion thread. 🌎 Non-U. What this means, is that by default, the IRS in the US will require the company you hire to sell for you, to withhold 30% of your earnings for tax purposes, to ensure they get theirs. So what's the deal with distrokid? Even if you're still not from the US they still take 30% tax off of u? the first one " 10 Special rate and conditions (if applicable): The beneficial owner is claiming the provisions of Article and paragraph Please selectXII(3) of the treaty identified on line 9 above to claim a Please select0 % rate of withholding on Please selectRoyalties " or " I am a tax resident of the specified country and qualify for benefits under the treaty because I do not have a So, DistroKid won't let me access my bank until I enter in my tax information. Maybe not. Hi. We just really fucking love opals around here. DistroKid cannot give tax advice, so we must state that this is not tax advice. cpa Apr 15, 2023 · On this DistroKid Tutorial for Beginners I explain the 5 step process to getting paid by DistroKid🎥Tax Accounting for Musicians: https://www. By “tax return,” I’m referring to Form 1040. Our Rules list was most recently updated on October 3, 2020, and now includes a list of submissions that are no I haven’t received my 1099 from DistroKid and I’m trying to get my taxes done. Once you’re sure that a treaty exempts your royalties from U. "Your tax forms have been sent to the email address associated with your DistroKid account as of January 1st. I'm trying to fill the W-8BEN form for non-US residents but it asks for a U. How to file your Distrokid taxes. 1hz sampling rate, and 16bit audio. I got a 1099 last year no problem. Please reach out to your local tax professional as we're unable to give tax advice in regard to specific countries. You should also update your tax information in Distrokid to avoid tax withholdings on future payouts. Giving Distrokid your tax information through the Form W-9 questions is step number one in the tax filing process. distrokid taxes hello im from greece and i withdrawl from distrokid $7. We know that this stuff can be confusing, so if you do have any questions about anything tax-related, please contact a tax professional who will be able to provide advice and explanations to help you out. For most people it is not worth it to spend hundreds if not thousands of dollars for digital distribution over the years just to receive 100% revenue instead of around 90%, and then have their music taken down unless they continue paying even more. i’m a minor, my guardian signed me up, and put my own info. You may receive an email from noreply@tax1099. As a Canadian citizen, I filed out a US W-8BEN form, assuring the IRS that I would be paying taxes in Canada. But I heard that it only applies for people who aren't there. S. I was going for CD Baby at the beginning, then found their HORRIBLE audio qualifications : 44. Maybe that's relevant. as i see people saying there is 30% tax for people that outside from usa can i do something about it and get rid of that 30%? Luckily for you, you live in a country with a tax treaty with the US. Never happened before. (This comment appears on every post. Over the last year I earned less than the $5. The problem is, I don't have a US tax I. (throwaway) so im new to distrokid, i uploaded my first album in october. 🇺🇸 U. Crypto Honestly, Distrokid has been receiving a lot of backlash for botting playlists and making countless artists lose their releases. The document shows the gross income received and any tax withheld (nil to 30%). This creates difficulties because of the following reasons. Tax1099 now requires individual consent to deliver those tax forms via e-delivery. Honestly, Distrokid has been receiving a lot of backlash for botting playlists and making countless artists lose their releases. Your 1042-S doesn't state any funds that you owe DistroKid and is standard practice for US companies to non-US individuals. This. We expect that all users have read the rules before posting or commenting on this subreddit. Just don’t be surprised if there is nothing your local tax expert can do to help you. So 50$ for mowing your friends yard goes un noticed. You don’t file the 1099. Please note that DistroKid can't provide any information about taxes, or anything related to taxes, tax forms, tax withholding, etc. citizens and residents use to report their annual income, deductions, and credits to the Internal Revenue Service So, DistroKid won't let me access my bank until I enter in my tax information. distrokid tax help. Still at the same address, same email address, same method of payment etc. Did one for 2018, but not yet for 2019 Everything natural, earth-mined opal. On 29 Nov 2022, I had requested to withdraw September 2022 earnings from my Distrokid account. and International, Federal, State, or local. Tipalti even had me update the tax form and I had to agree that I could lose 30% as a tax withhold, they dont milk me tho im lucky I guess. Taxpayer Identification Number, and I don't even know what that is, and surely don't have that number since I live in Spain. com/wat Jun 6, 2021 · @nath762987 , I would suggest reporting 1099-MISC and for the time being ignore the 1099-K -- am assuming here that (a) you are US citizen/ Resident (Green Card )/Resident for tax purposes and (b) that 1099-K back up details show that the money was transferred either by you to Paypal or by Distrokid to Paypal. The IRS doesn’t usually send you any mail if you file electronically and request direct deposit. Artists: Form 1042-S will be distributed on March 31st" Still, even if this is a legitimate tax issue (which I still don't think it is, look at my AudioJungle examples), I think the least we deserve is a refund from DistroKid. DistroKid requires a tax form to receive payments for my music. DistroKid works with Tax1099 to deliver all tax documentation. Hey Reddit, I am a Canadian citizen using Distrokid's services. If the IRS ever questions this "un Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Ethiopian. com prior to receiving your tax forms, regarding providing consent to have your 1099 or 1042 forms delivered electronically. Don't post questions related to that here, please. But I don’t have tax withholding luckily. (Obviously clean and human listenings) I have some fear on Distrokid making something to ban my account in order to keep my money. Pictures. This is the form that U. So my issue now is, I'm more incline onto going for Distrokid BUT my friends who bought their services say that distrokid still gets 30% tax even if they're not from the US. We're required to collect this information once per year, and all DistroKid users are required to complete the required tax documents in order to receive earnings from DistroKid. On 4 Dec 2022, Distrokid asked me to verify artist name Inasha via twitter or driver's license + social media, before they could release payment to me. Note: US-based artists are asked to complete Form W-9, which asks you for your TIN/EIN. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Jewlery. The IRS is experiencing significant and extended delays in processing - everything. Nothing has changed in the last year. i have money in the bank and i was wondering if i withdrew it, could my guardian to the tax forms with their info; or do i still have to do the taxes if i haven’t withdrawn Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Business, Economics, and Finance. 00 USD withdrawal minimum, and, therefore, did not make a withdrawal. u/pudjam667 I would not have renewed my DistroKid subscription twice if I knew this was the case. individuals? I suspect I should fill out the W-9 form, but I have never filed taxes in the U. If you do not have access to this email, please contact us below. youtube. Has anyone else run into this I started uploading music though Distrokid, but since then, I've seen a lot of complaints from users of Reddit and other platforms. If your country of tax residency is not in the United States, up to 30% of your earnings may be subject to tax withholding. This comment was sent automatically. Its the most ridiculous password using the first 4 letters of your name plus your tax id/NIS numbers last 4. So last 2 distrokid withdrawals actually had 5% deducted from the amount when I received it. . Rough. You will receive one from Distrokid at the end of the tax year if you submitted the W9 to them and you received payments. DistroKid tax form, Claim special rates and conditions? I just want a clear answer to what that means, when I check the box it shows this (Royalties >> copyrights 0%) if I don't check it I get the message about the 30% tax withholding. This is where my question lies: Which form should I fill out? The W-9 for U. Luckily for you, you live in a country with a tax treaty with the US. Haha. Pretty new to this, can anyone shed some light? You are dealing with an american company that has to pay its taxes or show proof of taxes, if your country does not have a tax treaty with the US(unfortunately most african countries do not) you will always have to pay that 30% withholding, best way to avoid is to use an african based distribution company or register an ITIN and update your details Hello! Thanks for posting on r/WeAreTheMusicMakers. Nothing works. Also has a history of not paying for youtube ID monetization. ftrvlf jlev wbdt fptqahw uuukhb qfilep omknp owoaji vzumq bycb