1099 and 1042-S tax forms

Form 1099

CD Baby Pro clients will receive a form 1099 if they are paid more than $10 in royalties for the year. The 1099 reported income is based on earnings paid to you during the year, not earned for the year. 

Form 1042-S

What is a 1042-S

Form 1042-S is used to report U.S. sourced income paid to non-U.S. citizens or residents and withholding information to the United States Internal Revenue Service. CD Baby makes one copy of this form available to you, and one to the I.R.S. If you supplied a form W-8, and received a payment in 2020, you should receive form 1042-S from CD Baby.  The 1042-S includes only U.S. sourced income (from U.S. based customers only) paid to you during the year, not earned for the year. 

What do I do with the Form 1042-S?

If you file US Income taxes, you may need to attach a copy of the 1042-S to your returns. If you file in a different country, requirements may differ. 

When do I receive a Form 1042-S?

Paper forms 1042-S for the year 2020 will be mailed by August 1, 2021.

What if the name or address on the Form 1042-S is incorrect?

Your 1042-S is created using the information we have in your CD Baby account and according to your W-8. If you need to update the information, simply upload a new W8 within your CD Baby account's "Pro Publishing Admin" section. Then from there,  click the purple "Update Tax Info" button.

What if I still have questions?

We are unable to give personal tax or legal advice. Please contact your legal and/or tax advisor.