MobileRead Forums - View Single Post - Royalties payments for each ebook-selling site

doreenjoy · 10-03-2010, 06:00 AM

About the 30% tax retention someone mentioned upthread. That applies only to non-US citizens. In addition:

1. If the Payee sends a complete form W-8BEN, payers can send 100% of the payee's royalty earnings.

2. If the Payee does NOT have the completed W-8BEN form on file with the payer, the payer must withhold 30% of your royalty payments, to give to the US government.

3. Payees who are citizens of a country that does NOT have a tax treaty with the USA will have 30% withheld because one component of form W-8BEN (the ITIN number) cannot be issued to those citizens.

Now that I've bored you all, I'll go back to my day job. Which, as you can tell from the information above, is scintillating and involves much number crunching.

10-03-2010, 06:00 AM	#27
doreenjoy 01000100 01001010 Posts: 1,889 Karma: 2400000 Join Date: Mar 2009 Device: Polyamorous	About the 30% tax retention someone mentioned upthread. That applies only to non-US citizens. In addition: 1. If the Payee sends a complete form W-8BEN, payers can send 100% of the payee's royalty earnings. 2. If the Payee does NOT have the completed W-8BEN form on file with the payer, the payer must withhold 30% of your royalty payments, to give to the US government. 3. Payees who are citizens of a country that does NOT have a tax treaty with the USA will have 30% withheld because one component of form W-8BEN (the ITIN number) cannot be issued to those citizens. Now that I've bored you all, I'll go back to my day job. Which, as you can tell from the information above, is scintillating and involves much number crunching. Last edited by doreenjoy; 10-03-2010 at 08:36 AM.