Author Topic: Payment from iStock (Read 5439 times)

VKir · « **on:** June 25, 2015, 12:39 »

Is there a delay on payment from iStock? It is June 25 already.

Rose Tinted Glasses · « **Reply #1 on:** June 25, 2015, 12:43 »

Take a deep breath and relax. It's the 25th and only 10:40 am on the west coast. I think if you wait for the day to actually get remotely close to ending, you might see payment. Plan B wait for the day to expire and get worked up on the 26th if you have not received payment by then. Until then try to relax.

w7lwi · « **Reply #2 on:** June 25, 2015, 15:09 »

OK just got my e-mail from Getty that I was paid ... yes ... $99.58. So I guess the $100 minimum means close to $100. No complaints.

Nikovsk · « **Reply #3 on:** June 25, 2015, 15:15 »

Quote from: w7lwi on June 25, 2015, 15:09

OK just got my e-mail from Getty that I was paid ... yes ... $99.58. So I guess the $100 minimum means close to $100. No complaints.

No, they are based in US now and keep 30% tax for US sales.

w7lwi · « **Reply #4 on:** June 25, 2015, 20:00 »

Quote from: Nikovsk on June 25, 2015, 15:15

Quote from: w7lwi on June 25, 2015, 15:09
OK just got my e-mail from Getty that I was paid ... yes ... $99.58. So I guess the $100 minimum means close to $100. No complaints.
No, they are based in US now and keep 30% tax for US sales.

While true for non-US contributors, I am in the US and nothing was withheld from the payment. This was my actual total earnings (such as it was) at the close of May 30, 2015.

ShadySue · « **Reply #5 on:** June 25, 2015, 20:04 »

Quote from: w7lwi on June 25, 2015, 20:00

Quote from: Nikovsk on June 25, 2015, 15:15
Quote from: w7lwi on June 25, 2015, 15:09
OK just got my e-mail from Getty that I was paid ... yes ... $99.58. So I guess the $100 minimum means close to $100. No complaints.
No, they are based in US now and keep 30% tax for US sales.

While true for non-US contributors, I am in the US and nothing was withheld from the payment. This was my actual total earnings (such as it was) at the close of May 30, 2015.

I think (?) someone posted something similar last month.

pixsol · « **Reply #6 on:** June 26, 2015, 10:42 »

Quote from: w7lwi on June 25, 2015, 20:00

Quote from: Nikovsk on June 25, 2015, 15:15
Quote from: w7lwi on June 25, 2015, 15:09
OK just got my e-mail from Getty that I was paid ... yes ... $99.58. So I guess the $100 minimum means close to $100. No complaints.
No, they are based in US now and keep 30% tax for US sales.

While true for non-US contributors, I am in the US and nothing was withheld from the payment. This was my actual total earnings (such as it was) at the close of May 30, 2015.

I thought US contributors get to fill the W9 and no part of the income is withheld. At the end of the year, a 1099 is sent with the total earnings for the year on which taxes are paid (to the US as US person).

w7lwi · « **Reply #7 on:** June 26, 2015, 11:23 »

Quote from: pixsol on June 26, 2015, 10:42

Quote from: w7lwi on June 25, 2015, 20:00
Quote from: Nikovsk on June 25, 2015, 15:15
Quote from: w7lwi on June 25, 2015, 15:09
OK just got my e-mail from Getty that I was paid ... yes ... $99.58. So I guess the $100 minimum means close to $100. No complaints.
No, they are based in US now and keep 30% tax for US sales.

While true for non-US contributors, I am in the US and nothing was withheld from the payment. This was my actual total earnings (such as it was) at the close of May 30, 2015.
I thought US contributors get to fill the W9 and no part of the income is withheld. At the end of the year, a 1099 is sent with the total earnings for the year on which taxes are paid (to the US as US person).

That is correct. We fill out a W-9 and nothing is withheld (with a few special exceptions). The 1099 is only required to be sent if the yearly earnings amount to $600 or more. It is sent to both the contributor and to the IRS. Earnings less than $600 are the responsibility of the contributor to report to the IRS.

pixsol · « **Reply #8 on:** June 26, 2015, 11:27 »

Quote from: w7lwi on June 26, 2015, 11:23

Quote from: pixsol on June 26, 2015, 10:42
Quote from: w7lwi on June 25, 2015, 20:00
Quote from: Nikovsk on June 25, 2015, 15:15
Quote from: w7lwi on June 25, 2015, 15:09
OK just got my e-mail from Getty that I was paid ... yes ... $99.58. So I guess the $100 minimum means close to $100. No complaints.
No, they are based in US now and keep 30% tax for US sales.

While true for non-US contributors, I am in the US and nothing was withheld from the payment. This was my actual total earnings (such as it was) at the close of May 30, 2015.
I thought US contributors get to fill the W9 and no part of the income is withheld. At the end of the year, a 1099 is sent with the total earnings for the year on which taxes are paid (to the US as US person).

That is correct. We fill out a W-9 and nothing is withheld (with a few special exceptions). The 1099 is only required to be sent if the yearly earnings amount to $600 or more. It is sent to both the contributor and to the IRS. Earnings less than $600 are the responsibility of the contributor to report to the IRS.

Thanks w7lwi for the additional clarity !

MicrostockGroup Sponsors

Author Topic: Payment from iStock (Read 5439 times)

VKir

Rose Tinted Glasses

w7lwi

Nikovsk

w7lwi

ShadySue

pixsol

w7lwi

pixsol

Related Topics

Sponsors

Microstock Poll Results

Sponsors