YouTube have announced new tax updates that affect all creators outside the US if they earn income from US viewers. You need to take action or you could lose a lot of YouTube revenue.
⏱️⏱️TIMECODES⏱️⏱️
0:00 – Intro
0:21 – YouTube/US Tax Update Summary
1:39 – What happens if you don’t take any action. The 24% Tax.
2:33 – The US Income Tax rule
3:58 – US Tax Treaties
5:02 – How to submit tax information to YouTube
5:44 – Don’t forget tax beyond US income
6:31 – Why is this happening?
7:40 – How YouTube need to do better at communicating this
9:06 – Consider revenue you earn OUTSIDE of YouTube may be US taxable too
Disclaimer: This is not a professional or legal tax or financial advisor. Please consult a professional regarding taxes and income on your YouTube revenue.
Resources:
YouTube Tax Explainer Video (MUST WATCH): https://www.youtube.com/watch?v=SeKEtf8A3FU
YouTube support page: https://support.google.com/youtube/thread/101463270
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