What are DistroKid’s Prices and Tax Forms?

DistroKid has positioned itself as one of the major players in the music distribution industry, providing a streamlined platform for artists to get their music on various digital streaming platforms. In this article, we will delve into DistroKid prices, the available plans, and the required tax forms for artists.

Understanding DistroKid Prices

DistroKid offers different pricing plans tailored to meet the needs of various artists—from beginners to established musicians. Here is a breakdown of the available pricing options:

1. Musician Plan

The Musician Plan is the entry-level option priced at $19.99 per year. This plan allows you to upload an unlimited number of albums and songs using one artist or band name. It includes basic features but does not support multiple artist names or additional customizations.

2. Musician Plus Plan

The Musician Plus Plan is priced at $35.99 per year. With this plan, artists get the ability to upload unlimited songs and albums for two artist or band names, and gain access to more features, such as customizable release dates, label names, and ISRC codes.

3. Label Plan

For labels or multiple artists, the Label Plan is the ideal choice. The cost ranges from $79.99 to $1,199.99 per year, depending on the number of artists managed. This plan offers the ability to manage multiple artists or bands, unlimited uploads, and all the customizable features included in the Musician Plus Plan.

Required Tax Forms for DistroKid Users

As an artist earning revenue from your music, it is essential to comply with tax regulations. Here are the key tax forms that DistroKid users should be aware of:

W-9 Form for U.S. Artists

U.S.-based artists must complete a W-9 form. This form is used by DistroKid to report earnings to the IRS, ensuring that your earnings are documented for tax purposes. The W-9 form collects important information such as your Social Security Number (SSN) or Employer Identification Number (EIN).

W-8BEN Form for Non-U.S. Artists

Non-U.S. artists are required to submit a W-8BEN form. This form certifies that you are not a U.S. resident and helps determine the tax treaty benefits between your country and the United States, potentially reducing the tax withholding rate on your earnings.

Maximizing Your Income with SoundOn

While understanding DistroKid's pricing and tax forms is crucial, it is also important to consider other music distribution platforms that can maximize your income and fan reach. SoundOn offers an all-in-one platform for marketing and distribution, helping you build a career and find new fans through TikTok, exclusive partners, and other digital streaming platforms. By joining SoundOn, artists have the opportunity to grow their fan base and increase their income more effectively.

Conclusion

In summary, DistroKid offers various pricing plans to accommodate different needs, from individual artists to labels managing multiple acts. Completing the necessary tax forms is essential for complying with tax regulations and ensuring your earnings are properly reported. While DistroKid offers these services, exploring platforms like SoundOn can provide further opportunities for growth and success in the music industry.