Year-End Tax Forms You May Receive
Depending on where you're located and how much you've been paid, you may receive one of the following tax forms from Steamline at year-end.
For Non-U.S. Developers: Form 1042-S
What is Form 1042-S?
Form 1042-S is a U.S. tax information return that shows:
- U.S.-source royalties paid to you
- The tax treaty code and rate applied
- The amount of tax withheld (if any)
When do I receive it?
Form 1042-S is due by March 15 of the year following the payment year.
Do I get a 1042-S if the withholding rate is 0%?
Yes. Even if the treaty rate is 0% and no tax was withheld, you still receive a Form 1042-S if we paid you U.S.-source royalties during the year.
What do I do with it?
Keep Form 1042-S for your records. You may need it to:
- File your local tax return in your home country
- Claim foreign tax credits if you paid U.S. withholding tax
- Provide documentation to your local tax authority
For U.S. Developers: Form 1099-NEC or 1099-MISC
What are Forms 1099-NEC and 1099-MISC?
These are U.S. tax information returns used to report payments made to independent contractors and other service providers.
- Form 1099-NEC is typically used for nonemployee compensation
- Form 1099-MISC may be used for other types of income
When do I receive it?
If you receive a 1099 form, it is due by January 31 of the year following the payment year.
Threshold for receiving a 1099
You will receive a Form 1099-NEC or 1099-MISC if we paid you $600 or more during the year, unless you are exempt (such as a C-corporation or certain other entity types).
What do I do with it?
Use this form when filing your U.S. tax return. Report the income on your Form 1040 and pay applicable federal, state, and local taxes.
Keep these forms for your records. They are how you reconcile your income with your local tax authority or with the IRS if you file a U.S. return.