Disclaimer: As independent contractors, it is the responsibility of the producers to keep track of their earnings and to accurately report them in their tax filings. Quora is only required to withhold U.S. taxes, but local income tax laws may still apply to your earnings as well. Any questions about what you have to report on your taxes should be directed to a tax professional, as Quora cannot provide you with tax advice.
Quora has responsibility under U.S. tax law to collect tax information, withhold taxes, and report to the Internal Revenue Service (U.S. tax authority) for all Space earnings. Tax withholding is when taxes are deducted from your payments so that they can be paid to a government to satisfy the payee’s U.S. tax liability.
For U.S. producers
If appropriate mailing address and tax identification number (e.g. Social Security Number) is provided at time of sign up or in the Stripe account settings before your first payment, the withholding rate is zero (no taxes will be withheld) so the amount you see in your dashboard is the amount you have earned and will receive. If no mailing address and tax identification number is provided, Quora will be obligated to withhold 24% of your earnings and remit to the Internal Revenue Service. You will see the gross earnings before tax withholding on your dashboard.
For producers outside the U.S. (non-resident aliens that are not U.S. taxpayers)
Your earnings are withheld at a 24% tax rate based on U.S. tax requirements. You will see the gross earnings before tax withholding on your dashboard. In order to for Quora to provide you with appropriate tax form, please make sure your Stripe account settings are updated for your mailing address. We currently do not have the capability to collect Form W-8 to determine withholding rates under tax treaties.