Non-US Self-Publishers need to register

Posted by on Friday, September 27th, 2013 in Joyce's Blog, Self-Publishing

If you are a self-publisher using Amazon/Kindle or Smashwords and DON’T reside in the USA … LISTEN UP!!

01TrYou must register with the US IRS to find out whether you will need to pay taxes on your book sales or if you are exempt.

This is one of those annoying jobs that is very easy to forget because most of us hate government forms and have a fear of filling them our incorrectly and paying the consequences.

If like us, you reside in Canada where we are apparently (unofficially apparently) exempt from these US taxes, you still must deal with this situation and the sooner the better.

I found this article … a very helpful and well-described blogpost by “Catherine, Decaffinated” … here is the link.

Here’s a sample: She uses the example of an Irish author named David who actually got his EIN within minutes … over the phone!”

Here in part is his tale: “As many of you will know, Amazon and Smashwords are required by law to withhold 30% of the royalties earned by non-US authors until they settle their tax status. The commonly accepted method of doing so was going through the laborious process of getting an International Tax Identification Number (ITIN), which necessitates arcane form-filling, notarized copies of passports, embassy trips, fees, and inexplicable rejection (writers should at least be used to the last part). And indeed, this was the path I was on myself, up until yesterday. Use above link to read the whole story.

Good luck.