Distrokid tax reddit. resident, double taxation becomes your problem.

Distrokid tax reddit They have been taking 30% of my payouts as “Tax Withholding” and I don’t even live in the US. You should report ONLY the 1099-K and NOT the Distrokid distribution ( they did not send you any 1099, right ? ). I’ve submitted the forms and all, unfortunately the country I live in does not have a tax treaty with the US. See full list on augur. com/payouts and filling in the W8-BEN form (or equivalent, I’m from Canada) that proves your country has a tax treaty with the U. A. This will exempt you from 30% of your payouts being withheld and you can continue . Oct 18, 2023 · If you’re a Distrokid user who’s not a United States resident, Distrokid will send you a tax document called the Form 1042-S and, depending on where you live, you might have had U. Am I in the left field ? Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. the source of income, and it's located in the United States), it's the U. , you can easily solve this by going to http://distrokid. So what's double taxation about? Jun 6, 2021 · Distrokid sent the earnings to PayPal. PayPal then forward the monies to your bank and issued you a 1099-K. The IRS is experiencing significant and extended delays in processing - everything. Hey everyone, I’m an independent artist that chose to go with Distrokid in 2019. If you live in a country that benefits from a tax treaty with the U. taxes withheld from your payouts. S. and International, Federal, State, or local. resident, double taxation becomes your problem. vs the rest of the world - unless you're a U. cpa In DistroKid's case (as DistroKid is the subject paying you money, eg. eqxii bhtpfww tasl tvy rfatndhq ummgn gdh zwznm qpzb shiyi