What is a W-9 Tax Form?

All United States content producers who open a store with Clips4Sale.com are required to fill out a W-9 tax form.

NOTE: If you are an International content producer and you wish to be paid to a US bank then you must be approved by the Accounting Department for this type of payout.

ALL store owners are considered self-employed/independent contractors (regardless of the country you live in).

Please note: As a store owner you are NOT an employee of Clips4Sale and you can not claim to be an employee on any legal documents.

Why do I have to fill out a W-9 form?

As a United States citizen and an independent contractor, if you make $600 or more over the course of a tax year, it is required that we report these payments to the IRS on an information return called form 1099-MISC. We will use the name, address and Social Security or Tax Identification Number (TIN) from the W-9 form you submit to complete the 1099-MISC for each United States studio owner who meets the requirements to receive one.

Anyone who does work for a company but was not an actual employee of that company is required to fill out W-9 federal income tax forms for every company for which they performed non-employee work. W-9 forms are known as “information reporting” federal income tax forms. If the company you performed work for is required to file any kind of tax return they must get your information. If your tax information is not already in their records, they will ask you to file a form W-9 to provide this info.

For more information about how and when 1099-MISC Tax Forms are sent out, please see: Tax Forms for United States Studio Owners