Twitch and YouTube Form 1042-S
Twitch streamers and YouTube channel creators that are non-U.S. persons may receive a Form 1042-S at the end of each year. This information reports your U.S. source royalty income and federal withholding taxes.
Twitch & YouTube Forms 1042-2 and 1099s, and W-8BEN
Online creators receive royalty income from advertisements run on their channels. This royalty income may consist of U.S. source income which is taxable when paid to nonresident creators. This article and video discusses those tax rules and the various forms.
YouTuber Royalty Income and the US Federal Tax Consequences
YouTubers with monetized channels can generate advertising revenue in the form of royalty income. For U.S. source royalty income paid to nonresidents, those receipts may be subject to federal income taxes.
YouTube AdSense Money is Now Royalty Income and Could be Subject to Withholding Taxes
Content creators on YouTube and Twitch are compensated for running advertisements on their content. YouTube payouts are now characterized as royalty income rather than nonemployee compensation. This article discusses those changes.