Note: Symphonic is not a legal or tax authority. We do not give legal or tax advice. Symphonic simply reports and provides information as we've been instructed to. Please consult a tax professional or legal authority for advice and direction.
Symphonic is responsible for reporting all royalties earned to the US government (IRS) for all US and non-US earnings. If you’ve received earnings through Symphonic in excess of $10, we will supply you with forms on an annual basis once we collect your tax information.
It is important for all clients to submit their payment and tax details in a timely fashion. Symphonic will be required to withhold 24% on all untaxed US earnings for US clients and 30% on all untaxed US earnings for Non-US clients until a valid tax form is submitted.
For US Clients:
Your 1099-Misc tax form will be available in your Symphonic account under Account Badge ► Year-End Tax Forms. Please note, the tax forms can only be access by the account owner.
Please note that corporations and SplitShare Payees will not receive a 1099-MISC.
For further information regarding Form 1099-MISC, click here.
For non-US Clients:
Your 1042-S tax form will also be available in your Symphonic account under Account Badge ► Year-End Tax Forms. Please note that payees will not receive a 1042-S. The tax forms can only be access by the account owner.
For further information regarding Form 1042-S, click here.
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