Filling out the tax form on 123RF
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Recently, stock 123RF has also required its authors to fill out the W-8BEN tax form, just like other major photo stocks. I have previously written about how to fill out this form using examples from other stocks, so if needed or for comparison, you can check here (using iStock as an example), here (filling out the form on Shutterstock), or here (example with Depositphotos).
Today, I will detail the process of filling out this tax form on 123RF.
How to fill out the W-8BEN on 123RF
In principle, if you look at my previous reviews on this issue, it will become clear that the form is standard, and the main difference is whether to fill out the form online in the stock photo bank’s interface or to upload a file with the already completed W-8BEN form.
So, first of all, log into the stock photo website. Go to the 123RF Tax Center and select the IRS Form W-8BEN | Group A2, A3 or B2 (right column, the first one at the top) and click on Online W-8 BEN Form.
A new window will open in your browser, where you will see this form with fields to fill out.
Your profile information will be automatically entered into the corresponding fields of the form. Here’s roughly how it looks for me (I have shaded my data):
So, proceed with the following algorithm:
Step 1: check the accuracy of the autofilled first and last name (although there is no option to correct it anyway).
Step 2: check the accuracy of the specified country of residence (you can choose a different one from the list if necessary).
Step 3: check the box for Individual/Sole proprietor.
Step 4: verify that the address where you are registered (your residence) is correctly filled out.
Step 5: fill this out if your actual address differs from the address in point 4. By the way, if you have changed your place of registration, you can update this information on the My Account page.
Step 6: check the box for “I have no SSN, ITIN or EIN”.
Leave the other points as they are.
Next, make sure to check the box in Part III and correctly rewrite your first and last name from point 1 in the very bottom field.
Click Submit.
Then you will see a thank you message for filling out the tax form.
That’s it. Everything is quick and quite simple.
This article is also available for reading in the following categories: 123RF, Finance
Thank you very much 🙂
By clicking on one of the options, an instruction will open that will help you determine which group you belong to and which tax form you need to fill out.