The Internal Revenue Service (“IRS”) is the US government agency responsible for tax collection and tax law compliance. As an Adobe Stock contributor, income derived from your sales in the US is subject to US withholding tax unless such tax is reduced under the tax treaty. Licensing creative content is an economic activity. You only pay taxes on this income once, you do not need to pay a second time when you withdraw the funds. Earnings are reported (and subject to backup withholding tax, if the proper tax form is not provided to Adobe) regardless of whether you have requested a payout. We do not supply a Form 1099 to corporations. We supply individuals who have earned more than $10 with a Form 1099 that specifies your earnings. W9 form: US tax residents typically should submit a Form W-9 so that we don't withhold taxes on your Adobe Stock income. A valid Form W-9 requires a US SSN, EIN, or ITIN.Īt the end of each year, we are required to report any backup withholding tax related to Adobe Stock income from such year to the IRS. Individuals and LLC, partnerships, or corporations Then you can fill it out, e-sign and submit it directly through the Contributor portal. The system leads you through a series of options to help you choose the right form. Forms must be updated following any life event that affects your taxes, such as marriage, name change, divorce, or creating or dissolving a company. Tax forms must be filled out and signed digitally on your Contributor Account page. False information results in the non-validation of your form and subjects you to backup withholding taxes on your income. Review your profileĮnsure that all your information is up to date by reviewing your profile on your Contributor Account page. We have provided the information below as general guidelines and cannot provide tax advice. Without a valid form, all contributor income is subject to backup withholding tax of 24%. We encourage you to follow the steps below and to contact a tax/legal advisor for definitive advice. The information below helps you determine which tax form is applicable to your situation. The tax form you will fill out is necessary to prevent US backup withholding tax from applying on your income. As a US company, we-and our contributors-must comply with US tax law and provide the IRS with the appropriate withholding tax remittance and reporting as applicable. As an Adobe Stock contributor, income derived from your sales is subject to US backup withholding tax if the proper tax form discussed below is not provided to Adobe. Diverse and Inclusive content guidelines.PNG files with transparency requirements.
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