Taxes: Setting Up My Tax Info

How to complete the Taxes section on your Filmhub Dashboard.

Alan d'Escragnolle avatar
Written by Alan d'Escragnolle
Updated this week

3 MIN READ

In this guide:

💡Important Note: To comply with local tax requirements and ensure accurate account information, your tax information within our Dashboard must be updated on a regular basis. You will be able to transfer earnings and receive reports once you do so.

⛔️ At this time, autofill information will not save in the system. If you have issues saving your tax info, please re-enter all information manually ⛔️

NO TAX ADVICE: While Filmhub wants this to be easy for you, we do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors.


💸 Why do I need to complete the Taxes section on my Dashboard?

Your tax information must be added to your Dashboard in order for the following three steps to occur:

  1. 1️⃣ Filmhub (by law) withholds a part of payments to outside the US

    • For Non-US individuals, Filmhub is required to withhold a portion of royalty payments and pay that to the US tax authority.

      • The amount depends on your country you live in.

      • For example, we are required to withhold 10% of payments to Canada, 0% of payments to Germany.

  2. 2️⃣ You receive a report yearly

    • Once a year, Filmhub reports these withheld amounts to you.

  3. 3️⃣ You claim the withheld amounts back from your local tax authority

    • With this report, you should be able to reclaim these amounts from your local tax authority.

      • Please ask your local tax advisor how to do this. Again, we cannot help you with tax advice - please see our NO TAX ADVICE disclaimer at the top of this guide.


How to enter your tax information

Before you can get paid or receive reports, we need your tax information. You can only get paid if you fill this out. This is a legal requirement by the U.S. federal government.

If you have any tax-related questions, please consult your tax consultant.

U.S. Person

This section only applies to individuals in the United States. It collects information traditionally submitted via IRS forms like W-9. Please note that since you receive your Earnings via PayPal - PayPal is responsible for sending you a 1099. They will only send you a 1099 if your amounts received are >US$20,000.

Identification of Beneficial Owner

This is the most common information required. All fields are required.

Name

Enter your name exactly as shown on your income tax return.

Federal Tax Classification

Please select the classification by IRS. For Limited Liability companies, please also enter your LLC tax classification.

U.S. Tax ID Number

For individuals, enter your Social Security Number. For corporations and other entities, enter your Employer identification number.

Non-U.S. Individual

This section only applies only to individuals - not companies - outside the U.S. For the exact definition please see the IRS Instructions. It collects information traditionally submitted via IRS forms like W-8BEN.

Identification of Beneficial Owner

This is the most common information required. All fields are required.

More (only if applicable)

This is required only in certain situations. Please fill out any information if it applies to you. Please ask your local tax consultant, or find more information in the IRS Instructions.

Non-U.S. Entity

This section only applies to companies outside the U.S. It collects information traditionally submitted via IRS forms like W-8BEN-E. For the exact definition please see the IRS Instructions.

We strive to make this very complex IRS form as user friendly as possible. The most common scenario is shown first. Depending on your selection, more fields show on the form dynamically. All shown fields are required to get paid and receive reports.

More (only if applicable)

This is required only in certain situations. Please fill out any information if it applies to you. Please ask your local tax consultant, or find more information in the IRS Instructions.


Certification Step

This step is required in order to ensure your tax information is processed correctly. Once you have certified that the above information is true, sign the box at the bottom with your signature and make sure to click SAVE.

Filmhub will be unable to release payment without completed tax information.

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