Stripe sent my LLC a 1099-K and YouTube sent a 1042-S — how do I reconcile two different forms?
My foreign-owned US LLC got a 1099-K from Stripe (for sponsor and membership payments routed through it) and separately a 1042-S from YouTube for US-viewer withholding. They show different numbers and different purposes. How do I reconcile these without double-counting, and which one drives what?
Related Questions
What is the difference between 24% and 30% withholding on my creator income, and which one applies to me?
I've seen both 24% and 30% quoted as the rate a platform might withhold from a foreign creator. They are clearly not the same thing. What's the difference between them, when does each one apply, and h...
YouTube is taking 24% of my worldwide earnings — how do I stop the backup withholding?
Something is wrong: YouTube is withholding 24% on my entire global channel revenue, not just the US-viewer part. I'm a foreign creator with a foreign-owned US LLC. This feels like way too much. How do...
I'm 'selling' my clip library but the buyer pays me based on how much it gets used — is that still a sale?
A media company wants to buy my back-catalog of clips. The deal is labeled a sale, but the price is paid out over time based on how much they monetize the footage in the US. My foreign-owned LLC holds...
TikTok says only my U.S. engagement is taxed. If they already withhold, why do I still care about my LLC filings?
I am based in Spain and use a Wyoming LLC for my TikTok creator income and some small Instagram brand deals. TikTok's help page seems to say that only U.S. engagement is generally subject to U.S. tax ...
Why does YouTube withhold US tax on some of my channel money but Google takes nothing from my AdSense website income?
I run a foreign-owned US single-member LLC for my content business. YouTube withholds US tax on a slice of my channel earnings, but my separate website AdSense payouts come through with zero US withho...
YouTube sent me a 1042-S through AdSense. Does that mean my Delaware LLC now needs a U.S. tax return too?
I am a creator in the Philippines and use a Delaware single-member LLC for my YouTube business. Around 40% of my views are from the U.S. and total gross channel revenue is about $95,000. Google asked ...
Is my YouTube money a royalty and my brand/affiliate money a service? How do I tell which is which?
I keep reading that 'character' decides everything for a foreign-owned LLC creator. My income is a mix: YouTube Partner Program, a couple of recurring sponsorships, affiliate links, and a Patreon. Whi...
A U.S. brand wants a W-8BEN-E from my LLC, but someone told me a disregarded LLC should not use it that way
I am a UK creator using a Delaware single-member LLC for sponsorship contracts. A U.S. agency wants me to submit Form W-8BEN-E before they release a $14,500 campaign payment. Another advisor told me t...
My LLC is disregarded — does the W-8BEN-E go in the LLC's name or mine as the foreign owner?
I have a US single-member LLC that's disregarded for tax, and I'm the foreign owner. A platform wants a W-8BEN-E. Do I put the LLC as the beneficial owner because the LLC has the EIN and gets paid, or...
A Texas event paid me a $7,500 appearance fee and reimbursed flights and hotel. Should I treat the reimbursement as part of the same tax file?
I live in Spain and was invited to speak at a creator event in Texas. The contract had a $7,500 appearance fee, and the organizer also reimbursed my flights, hotel, and local transport. I had been thi...
Have a similar question?
ForeignLLCTax members get expert answers with IRS citations. One CPA consultation costs $200+. Full access is $9.99/month.
Become a Member — $9.99/moDisclaimer: All content on ForeignLLCTax.com is created by a tax professional and is provided for general educational and informational purposes only. It does not constitute tax, legal, or accounting advice, and should not be relied upon as such. Every tax situation is different — for advice specific to your circumstances, please consult a licensed CPA, Enrolled Agent, or tax attorney. By using this website, purchasing a subscription, or accessing any tools or services, you acknowledge that no client-professional relationship is established between you and ForeignLLCTax.com or its operators. This website is not affiliated with the IRS.
