Ask MagCloud: General MagCloud

Why do you need my tax ID or social security number (SSN)?

The United States Internal Revenue Service (IRS) requires that we file a 1099 with your MagCloud publisher earnings if they total $600 or more within one calendar year. If you are a U.S. citizen, U.S. resident, or owner of a U.S.-based business, we need your tax ID or social security number (SSN) to include with this filing. Since MagCloud does not withhold taxes from your publisher payments, you are also responsible for paying taxes on these profits. For publishers who do not live in the United States or whose business is not based in the United States, all that is required is to check the first box in our tax form that reads "I don't live, or have a company, in the United States."

You can edit your tax information at the bottom of your Account page, by clicking the Edit link next to the Tax Info section.

MagCloud has a policy that requires collecting a SSN or tax ID for any publisher payout totaling $100 or more. All your publisher payouts must be aggregated into a single 1099, and this policy helps ensure that the SSN or tax ID is available when the aggregated amount hits the $600 threshold required by the IRS. If the aggregated amount stays below the $600 threshold, it will not be reported to the IRS.

Don't worry, your tax information as well as other sensitive information you provide us are completely safe. Our website transactions are made using a secure connection, and your tax information is encrypted and stored on a secure server.


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