2021 Tax Information with Findaway

2021 Tax Information with Findaway

2021 Tax Information

This article contains important information regarding tax forms for 2021 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

U.S. tax law mandates that Findaway report payments to international payees on tax form 1042 distributed annually in March. International users will receive this form if eligible. 

Delivery of Forms

Forms will be sent both physically via US Postal Service and digitally via email. We are utilizing Tax1099.com to distribute tax forms digitally . You will receive an email from  noreply@tax1099.com

If you would prefer the physical option, forms will be mailed to your address on your payment profile by  January 31, 2022. Please allow 2-4 weeks for delivery.
Reminder: If eligible, you will receive your form  both digitally via email and physically in the mail. Forms will be mailed by January 31, 2022. Please allow 2-4 weeks for delivery.



Tax form 1042 for international payees:
U.S. tax law mandates that Findaway report payments to international payees on tax form 1042 distributed annually in March.  
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.


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