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What are tax forms?

A topic by ThePanther created Sep 19, 2019 Views: 1,047 Replies: 5
Viewing posts 1 to 4

Hi folks!

I would like to know what tax forms are, those who itch generates automatically in collected by itch.io
I can't figure out what it's in my language
Thank you!

Admin(+1)

The tax forms mentioned on your dashboard are in reference to 1099 for United States domestic sellers, and 1042 for foreign sellers. We generate these documents through a third party service at the end of the year summarizing your earnings if you're above the necessary threshold.

(+1)

Assuming you have no connection to USA in anyway and have zero experience in taxes, you first need to get an Individual Taxpayer Identification Number (ITIN). After that fill out a tax treaty in your country, each country tax treaty code is different so do some research. Last thing to do is fill out itch.io tax requirement, then you be able to sell games under Sole Proprietorship in your country laws.

Things to note:

some countrys are not in a treaty with USA. you will get 30% tax.

A businesses tax form is different and requires experts to do the work.

Do not use "Direct to you", this makes you do all the paperwork, i can not help you due to many personal information needed to fill out.

(1 edit)

And it's possible to have a blank tax form example to see how it is? 
I mean is it this? 
https://www.irs.gov/pub/irs-pdf/f1042.pdf

Did you choose "direct to you" option? I cant help you due to many personal information. You may want to speak with tax expert, when paperwork is done it is recommended to change it to "collect by itch.io"

(2 edits)

Nope i choose collected by itch.io.  Just wanting to know what tax form are, leafo give me the answer, i found the form on the web or at least i think it's that of the link

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