I submitted a video, and I'm setting up my ViralHog account, but it's asking for my tax details. Why do I need to provide this?
Providing tax details is necessary because revenue earned from licensed videos is considered taxable income in the United States.
This requirement applies to all licensors, including nonprofit or tax-exempt organizations. To ensure compliance with US tax reporting laws, we need valid taxpayer identification from all licensors.
Your information privacy and security are of utmost importance to us, which is why we have partnered with Tipalti, a trusted and secure payment automation software.
Rest assured that any data collected for tax reporting purposes is encrypted and stored securely with Tipalti. Visit:
https://tipalti.com/faqs/ for more information.
If you have any concerns or questions, please don't hesitate to contact our team at
help@viralhog.com.