Distrokid asking for tax information. Filing taxes with the Distrokid tax form.

Distrokid asking for tax information. DistroKid principally offers musicians and other rights-holders the opportunity to distribute and sell or stream their music through online retailers such as Spotify, Pandora, iTunes/Apple Music, Amazon Music, YouTube Music, TikTok Fill out all required contact information. Signing up with DistroKid is a legal agreement to do business together. You'll want to consult a tax professional for help with anything tax-reated, but here is some information that you might find useful: You can find detailed information about all charges by going to More (top right on the upper menu bar) > Account Settings > Receipts. If you’re a solo artist it requires your personal information. WATMM is a place for music makers to discuss the music-making process (and a few closely… May 6, 2024 · Prior to releasing music on DistroKid, you need to share some tax information with the company. Filing taxes with the Distrokid tax form. Full article… Vilken är minimiåldern för att använda DistroKid? Inkomenstenrapporten en betalingen zijn beschikbaar zodra DistroKid de inkomsten van streamingdiensten en online stores ontvangt en verwerkt. They aren’t asking because they want to send you something in the mail. DistroKid, formerly titled Fandalism, [3] is an American independent digital music distribution service, founded in 2012 by American entrepreneur Philip J. (throwaway) so im new to distrokid, i uploaded my first album in october. Note: We're unable to help with any tax questions/issues. That means, among other things, showing who wrote every song. After reviewing your 1099-MISC, you’ll then need to file a tax return and potentially pay taxes on the income. These include iTunes, Spotify, Apple Music, YouTube Music, Amazon, Deezer, TIDAL, and many more. On this short DistroKid tutorial I answer this random yet specific question: Why is DistroKid asking for Tax Information? Taxes, the IRS, and Tax Accounting DistroKid works with Tax1099 to deliver all tax documentation. Distrokid has withheld 30% of royalties from us for “taxes”, we haven't had this withholding from other distributors, what do you think of that? I don't know about you, but I'm planning on migrating my artists out of distrokid. I haven’t had this experience with prior withdrawals, Thankyou in advance Here's how to change the email address associated with your DistroKid account: Sign into DistroKid Click on your profile icon in the top right Click "Account" Boom. Its the most ridiculous password using the first 4 letters of your name plus your tax id/NIS numbers last 4. If you made a withdrawal in the previous fiscal year, you'll receive your tax information from noreply@tax1099. You need to speak with a tax expert in your local country. 6M subscribers in the WeAreTheMusicMakers community. This is the form that U. As always, DistroKid collects earnings for sales/streams in the services you choose to distribute to and pass 100% of those earnings along to you, minus banking fees/applicable taxes/cover licenses. The document shows the gross income received and any tax withheld (nil to 30%). If you have questions, click "Need Help? Start the tax form questionnaire". By “tax return,” I’m referring to Form 1040. Does DistroKid Charge Sales Tax? Yes. I've used their service since 2017 and now its just completely garbage. based users by January 31st. Sales tax may be applied to your recurring and one-time payments according to the applicable sales tax rates in your country, state, province, territory, county, and/or city at the time of the charge. On this quick DistroKid Tutorial for Beginners, I answer this super common question I've been getting: Do you have to DistroKid can't provide any information about taxes, or anything related to taxes, tax forms, tax withholding, etc. The IRS is experiencing significant and extended delays in processing - everything. Good news! Streaming services are starting to give credit where it’s due. When someone buys the entire album (as opposed to buying or streaming an individual track), we’ll automatically calculate pro-rata revenue split. But They just asked me for it again and upon filling it out, I am prompted with the, "Done! DistroKid cannot give tax advice, so we must state that this is not tax advice. Don't post questions related to that here, please. and International, Federal, State, or local. Juridisk information Vem äger min musik? Det gör du! DistroKid tar inte över några äganderätter eller immateriella rättigheter från artisterna. And I'm not finding that anywhere online. In most cases, your home address is a personal data checkpoint, to confirm you are legally who you say you are. NOTE: I’m not a tax person and this is just what I’ve been able to figure out by reading online. citizens and residents use to report their annual income, deductions, and credits to the Internal Revenue Service Yes. Kaplan. 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 anything yet? thanks for the advice! 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. I will do anything I can to make them go down in history. You can view the cost of your subscription, as well as any sales tax added to your subscription, from your receipts page. tax withholding, you can file a nonresident tax return (Form 1040-NR) to claim a refund of the taxes Distrokid withheld from your payouts. I've been charged 30% for 2 months now. 1099-MISC Forms will be available for U. Save time and money by learning from others who have been there before. 1042-S is a form that the US tax authority (IRS) send to foreign people that have earned income in the U. Select and complete the required Tax Forms. Taxes you would typically get back the following tax year if you were over taxed, however, seeing as distrokid is keeping this money and not the UK gov't, I am afraid I am not knowledgeable enough there. (Click here, or click on your profile image in the top right > "sign out" to log out) Step 2: Go to distrokid. u/pudjam667 I would not have renewed my DistroKid subscription twice if I knew this was the case. Hi, I’m based in the UK. The problem is, I don't have a US tax I. I'm trying to fill the W-8BEN form for non-US residents but it asks for a U. Trying to log into your existing DistroKid account but being asked to choose a plan instead? Deezer This is a user-generated page powered by HyperFollow. If your country of tax residency is not in the United States, up to 30% of your earnings may be subject to tax withholding. Tax1099 now requires individual consent to deliver those tax forms via e-delivery. based users by March 15th. This is generally whatever your country uses to identify you for income. co Full article… What Withdrawal Methods does DistroKid Offer? DistroKid supports a large number of payout options through our payment provider Tipalti, including PayPal, ACH, wire transfer, eCheck, or even paper checks! To change your pref Full article… DistroKid, formerly titled Fandalism,[1] is an American independent digital music distribution service, founded in 2012 by American entrepreneur Philip J. . Typically, songwriters are listed using real names–not stage names or rapper names or band names. Du behåller 100% av äganderätten. So tax related, or money stuff related, dont ask here. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. If you f Full article… I Already Paid, But Can't Log Into My DistroKid Account. You should also update your tax information in Distrokid to avoid tax withholdings on future payouts. com. com prior to receiving your tax forms, regarding providing consent to have your 1099 or 1042 forms delivered electronically. DistroKid can't provide any information about taxes, or anything related to taxes, tax forms, tax withholding, etc. Artist Profiles, Official Artist Channels, Playlist The people withholding the tax are not the tax agents you need to speak with. Just to test out how the "Bank" system works, I purchased my album on itunes. Do you have to report your DistroKid Earnings on your Taxes? - YouTube. This tax form is called the Form 1040-NR. Nothing works. Sales tax may be applied to your recurring and one-time payments according to the applicable sales tax rates in your country, state, province, territory, county, and/or cit Full article… Why Is My Card Not Working? Unfortunately, if your credit card isn’t working, there’s very little we can do to As an Australian, I am purely and utterly confused by what this is asking of me. Distrokid asking me for my tax information (Australia) So, DistroKid won't let me access my bank until I enter in my tax information. Subscribe today and start dreading tax compliance less!. 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 Distrokid literally has a checkbox you should click acknowledging that if you are in a country which does not have a tax treaty with the US, up to 30% of your revenue will be subject of tax withholding. DistroKid principally offers musicians and other rights-holders the opportunity to distribute If you forgot your password: Step 1: Make sure you're logged out of DistroKid. How to claim your YouTube Official Artist Channel: Make sure you already Here's how you can cancel your recent withdrawal: Head over to www. Many issues can also be resolved via self-service options within your DistroKid account. Stay ahead of the curve with news and updates. If your band is already a business it requires business documentation. Please consult a tax professional if you have any questions about the information here. 1042-S Forms will be available for Non-U. If the US government doesn’t have a tax treaty with your country, your situation will be the same as it currently is. I did the questionnaire and was told I have to use W-8BEN but this is kinda unnerving to enter in as I have no understanding of what I'm doing. Veuillez consulter un professionnel de la fiscalité si vous avez des questions relatives aux informations que nous vous fournissons ici. tax law. com a If you need assistance with logging in, your DistroKid Bank, or other DistroKid account questions, our chatbot, Dave, will get you the information you need, or collect the necessary information from you to get you connected with an agent. US-based artists are asked to complete Form W-9, and non-US-based artists are asked to complete Form W-8BEN. Choose your payout method: Direct Deposit/ACH, Wire Transfer, Check or PayPal. As I was trying to finish out the bank details, I was asked for my "Tax Form". If you need assistance with logging in, your DistroKid Bank, or other DistroKid account questions, our chatbot, Dave, will get you the information you need, or collect the necessary information from you to get you connected with an agent. 2) Don't give them NiN, withdrawal earnings, take the financial cut and move to a new distributor. It will ask for a tax identification number. Ive tried everything. Streamingdiensten leveren deze rapporten meestal maandelijks en geven een overzicht van de verkoop tot ongeveer 3 maanden geleden. It would likely be connected to your payment card as well as your tax information. If someone could share that I'd really appreciate it; the info is unique to Distrokid but the same on every 1099, so there's no security risk. Read about Why is DistroKid asking for Tax Information? by ZigZag Music Production School Online and see the artwork, lyrics and similar artists. distrokid. Any clarification? Sales tax may be applied to your recurring and one-time payments according to the applicable sales tax rates in your country, state, province, territory, county, and/or city at the time of the charge. Unfortunately I do have to enter the Distrokid info from the 1099; address & tax ID. You can find detailed information about all charges by clicking on your profile icon in the top right, and then clicking "Receipts". You can also see specifics about any extras that you might have opted into under the EXTRAS section of the album pages from your DistroKid dashboard. 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. That's the fastest way to solve the majority of issues, and most fixes are instantaneous. Just don’t be surprised if there is nothing your local tax expert can do to help you. And I will leave distrokid. The income you earn through Distrokid is royalty income. So i've been using Distrokid for over a year now, but recently (over 3 months) they have been asking me for my Tax Information (which I have provided them with success). S. Once you’re sure that a treaty exempts your royalties from U. DistroKid collects earnings & payments, and sends 100% of these earnings to artists, minus banking fees/applicable taxes. This creates difficulties because of the following reasons. 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. Distrokid is required to verify the tax information of its users under U. DistroKid cannot give tax advice, so we must state that this is not tax advice. You will receive one from Distrokid at the end of the tax year if you submitted the W9 to them and you received payments. 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 " DistroKid ne peut pas donner de conseils relatifs à la fiscalité, nous tenons donc à préciser qu'aucune information présente ici ne pourra être considérée comme telle. DistroKid is unable to help with any tax issues, as we are not tax professionals. Claiming your Official Artist Channel on YouTube is quick and easy when you use DistroKid. Kaplan (born: October 30, 1975 (1975-10-30) [age 49]),[2] and currently owned by Spotify,[3] Insight Partners,[4] and Silversmith Capital Partners. Here are some of the more common questions that artists ask, with answers: Waiting - Processing & delivery times 2. Well I cant access my tax report from Distrokid, no matter what I do. 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. 1: I can't check the report. Withdrawing from the Distrokid Bank is now withholding 30% - can I have an explanation? There’s limited info online and the information explaining is too complex for me to understand at this point. Then you include the information from the 1099 on the 1040 that goes to the IRS. DistroKid is a digital music distribution service that musicians use to put music into online stores & streaming services. Find answers to your questions quickly and easily. Hey everyone, So I wanted to ask for clarification because I just did a withdraw and was curious, but when Distrokid has you fill out your tax info and it even basically says "you receive all your earnings, but some may be taken out for fees and taxes and stuff", is Distrokid basically reporting what you earned? Get help with your taxes from experts and fellow taxpayers. go to your cpa or accountant -2 US tax laws are a bit different from the rest of the world, -3 being a US citizen restricts your financial reporting due to you having to report your income regardless if youre outside of the US. But how do those earnings get into your pocket? DistroKid makes it possible add collaborators to any track. Formatting, Lyrics, Credits, Edits - Everything needed to manage your DistroKid content! Explore; Store Specific. DistroKid asking me for tax info (Australia) So, DistroKid won't let me access my bank until I enter in my tax information. provide NiN, see what money you get. Taxpayer Identification Number, and I don't even know what that is, and surely don't have that number since I live in Spain. If you need to submit a request for a refund, please let us know. D number (or whatever you call it) or a Foreign tax identifying number. Hey I'm in this situation right now. i’m a minor, my guardian signed me up, and put my own info. Therefore, Distrokid is asking for your tax information to comply with U. You may receive an email from noreply@tax1099. thkkri iouyr rqr aupwu siu enercnr ues vxtoiell sgfoc gmdnri