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Tax Form for Royalities

Tax Form for Royalities

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What is a W-9 tax form? What is a W-9 tax form?

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Video instructions and help with filling out and completing Tax Form For Royalities

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Instructions and help about Tax Form For Royalities

all right for this video i wanted to talk about the us federal tax treatment for royalty income and specifically what i'm going to go over is royalty issues for youtubers right so youtubers that have monetized channels and videos will earn royalty payments by running ads on their content now although i'm going to really cover this in kind of like a youtube perspective this is going to be applied to a lot of other professions too where you generate royalty income so if you're an author and you write books and you're in royalties or if you're an artist and you sell your art and you earn royalties a lot of these similar issues are going to apply to you so the reason why i wanted to cover this for the youtube perspective is because youtube changed recently their characterization of the adsense payments so in 2021 halfway through the year what youtube started doing was they said okay now the adsense payments going out we're not going to characterize them as as compensation for services so n

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