DOOMSDAY 💀 The 24% TAX on YouTube Creators Has Begun… (Here is what YOU need to DO)

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Make sure to submit your valid tax forms inside of your Google AdSense account by the DEADLINE of May 31, 2021. ****** 🔴 FREE WEB CLASS 📍 Learn how to get views on YouTube in 2021 and make money in multiple in this free class👉 http://ThinkMasterclass.com

📌HOW TO Submit your TAX INFO o to Google 👉https://support.google.com/youtube/answer/10390801

1. Sign in to your AdSense account.
2. Click Payments.
3. Click Manage settings.
4. Scroll to “Payments profile” and click edit Edit next to “United States tax info”.
5. Click Manage tax information.

This video is NOT sponsored. Some product links are affiliate links which means if you buy something we’ll receive a small commission.

📒 Show Notes 📒

1️⃣ (Video I Reacted To In This Video) Important Update: Tax Info Required for ALL Monetizing Creators OUTSIDE of the United States https://youtu.be/SeKEtf8A3FU

2️⃣ U.S. tax requirements for YouTube earnings
https://support.google.com/youtube/answer/10391362

👉👉👉 Google may begin withholding U.S. taxes on earnings you generate from viewers in the U.S. as early as June 2021. Please submit your U.S. tax info in AdSense as soon as possible. If your tax info isn’t provided by May 31, 2021, Google may be required to deduct up to 24% of your total earnings worldwide. If you’re a creator in the U.S., you may have already submitted your tax info. Check your tax info in your AdSense account to be sure.

3️⃣ (Book) The Home-Based Business Guide to Write-Off Almost Anything: You’ll Keep More Money Once You Know These Tax Secrets https://geni.us/zu6zP (Amazon)

4️⃣ (Book) J.K. Lasser’s 1001 Deductions and Tax Breaks 2021:Your Complete Guide to Everything Deductible https://geni.us/1r6vlSK (Amazon)

5️⃣ (Book) Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! https://geni.us/2SBSe06 (Amazon)

6️⃣ 🔴 FREE WEB CLASS 📍 Learn the One YouTube Strategy I Use that Generates 57,346+ Views Per Day! http://ThinkMasterclass.com

⏰ Timecodes ⏰
0:00 Google may begin withholding U.S. taxes as early as June 2021
2:08 YouTube Update: Tax Info Required for ALL Monetizing Creators OUTSIDE of the US
3:47 How to Submit Your Tax Information in Google AdSense
4:21 Even if You’re Paid By an MCN, Still Submit Your Updated Tax Info
4:55 How Much You Owe in Taxes Will be Calculated…
6:22 Google may need to withhold up to 24% of your total earnings (not just US earnings)
8:09 Different US States and Countries Have Different Tax Advantages and Disadvantages
9:40 Does this pertain to non-monetized channels?
10:55 Tip One: Submit your valid tax forms by May 31, 2021
11:50 Tip Two: Get educated about Money and Taxes
16:10 Tip Three: Diversify your income streams
22:14 Free YouTube Class on How to Diversify Your Income Streams with Sean Cannell

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About:
In this video, Sean Cannell shares details about how YouTube will begin withholding U.S. income tax from revenue earned by international creators starting May 31, 2021.

Disclaimer: Please see the link for our disclaimer policy for all of our videos on the Think Media and Think Marketing YouTube channels. https://www.seancannell.com/youtube-disclaimer

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