We issue payments approximately 90 days after the end of the month in which the revenue event occurred. You will receive payment from Film Bureau via electronic funds transfer unless electronic funds transfer is not available in your location, in which case you will receive payment by wire transfer. If you receive payment via wire transfer, Film Bureau may withhold payment until you have reached a minimum threshold in accrued license fees.
When converting local royalty earnings to a different currency for an EFT payment, the amount to be paid after conversion must meet the minimum amount your indicated bank will allow us to send. This amount varies by institution and location. However, once the minimum amount is reached, you will be paid electronically for the full amount accrued.
You will not receive a wire transfer payment for any amounts below these thresholds.
When converting local royalty earnings to a different currency or withholding any applicable tax, the amount to be paid after conversion/withholding must meet the above requirements.
Film Bureau, Inc. requires all films to have valid taxpayer identification information in order to comply with U.S. tax reporting regulations governed by the U.S. tax authority (Internal Revenue Service "IRS"). The tax information interview collects the information needed to complete an IRS tax form (e.g. IRS Forms W-9 or W-8) which will be used to certify your U.S. or non-U.S. status, determine if your payments are subject to IRS reporting, and the rate of U.S. tax withholding (if any) applicable to your payments. Until your Tax Interview is completed, Film Bureau will not be able to distribute your film or payments.
U.S. tax status (U.S. person or non-U.S. person), the name of the individual or organization that will report the income on an income tax return, permanent address, and U.S. and/or foreign (non-U.S.) taxpayer identification number (TIN), if applicable.
The tax interview data is secure and uses an encrypted format to store information necessary for any applicable tax reporting.
Film Bureau, Inc. requires all non-U.S. video providers to provide valid U.S. taxpayer identification information by taking the U.S. tax information interview to complete an IRS Form W-8 to certify your non-U.S. status, determine if your payments are subject to U.S. tax reporting, and the rate of U.S. tax withholding (if any) applicable to your payments, even if all sales are made or all business is conducted outside the United States. Until your Tax Interview is completed, Film Bureau will not be able to distribute your film or payments. A taxpayer identification number (TIN) is not required unless you want to claim a reduced rate of U.S. withholding tax on U.S. source income. Please notify us if your information or circumstances change for you film.
U.S. video providers exceeding the $10 global royalty payments threshold across all Amazon businesses will receive IRS Form 1099-MISCon or before January 31 of the year following payment. For example, calendar year 2016 payments will be reported on or before January 31, 2017. This form will also be reported to the U.S. tax authority (Internal Revenue Service "IRS").
Note: Payments to corporations (including limited liability companies (LLCs) that are treated as C- or S-Corporations) andcertain tax-exempt organizations are not reportable on Form 1099-MISC.
Non-U.S. video providers that receive U.S. source royalty payments during the calendar year will receive IRS Form 1042-S on orbefore March 15 of the year following payment. For example, calendar year 2016 payments will be reported on or before March 15, 2017. This form will also be reported to the U.S. tax authority (Internal Revenue Service "IRS").
Each year, we provide tax forms for royalty payments made during the previous calendar year.