Annual Tax Information with Findaway Voices
Annual Tax Information
This article contains important information regarding tax forms with Findaway, including if and how you will receive them, as well as important dates.
1099 Tax Forms
Authors/Rights Holders:
Findaway will provide a 1099 form to Rights Holders who have accrued more than $10.00 USD in royalties paid during the year — not sales reported during the year.
Narrators:
Findaway will provide a 1099 form to Narrators who have accrued more than $600.00 USD in payments for audio productions during the year.
1042 Tax Forms
If you are eligible for a 1042, it will be delivered by mid-April of each year. We do not report payments made for services (i.e. narration services) performed outside of the U.S.
Delivery of Forms
Only physical 1099 forms will be distributed this year via the US Postal Service. The forms will be mailed out to the current address on your payment profile by January 31, 2024. Please allow 2-4 weeks for delivery. You will be receiving a physical copy from Spotify USA as the payer.
Tax form 1042 for international payees:
U.S. tax law mandates that Findaway report payments to international payees on tax form 1042 distributed annually by mid-April. Recipients of tax form 1042 should consult a local tax advisor for advice. Requirements may vary between tax jurisdictions with regards to reporting of income and withholding tax payments. Recipients are responsible for complying with local tax law and submitting appropriate local, state, and/or national tax filings to taxing authorities within recipient’s tax jurisdiction. Withholding tax submitted by Findaway on behalf of the recipient is reported to the U.S. taxing agency known as the IRS (Internal Revenue Service). A local tax advisor should be able to provide direction on how to account for these tax payments.
Tax form 1099 for U.S. payees:
U.S. tax law mandates that Findaway report payments to non-employee payees on tax form 1099 distributed annually at end of January. Recipients of tax form 1099 should consult a local tax advisor for advice. Requirements may vary between tax jurisdictions with regards to reporting of income. Recipients are responsible for complying with local tax law and submitting appropriate local, state, and/or national tax filings to taxing authorities within recipient’s tax jurisdiction.
Disclaimer: Findaway and its employees do not engage in rendering legal, accounting or tax advice/services. Findaway cannot complete the IRS forms for an individual or entity. Please consult with professional accounting, tax, or legal advisers if there are any questions.