Quote:
Originally Posted by Bas
I'm progressing onto submitting an epub book to Apple iBookStore and wondered if anyone knows if getting a US tax ID number will mean filling in reams of US tax forms at the end of the tax year. Or if it just means they take off a sales tax for each book?
|
Tax ID number is FEDERAL Income and Employer Tax .
If Apple is sending you Payment, it must be reported to the Feds (if over $600?) . Money paid to you is a business expense for Apple and is a deductible for them.
The 1040NR forms are fairly simple as you only include Income from the USA. The additional form could be Schedule C (business) or Schedule E (Royalties) depending on the arrangement.
Sales Tax is Apples duty to collect and remit, they made the Retail sale.