06-02-2012, 05:45 AM
|
|
|
there's no $$$ in porn
Industry Role:
Join Date: Jul 2005
Location: icq: 195./568.-230 (btw: not getting offline msgs)
Posts: 33,063
|
Quote:
Originally Posted by Sunny Day
Due to changes in the US tax law, all businesses are required to issue 1099's to every business or individual the pay more than $600 in a year. Whether or not a W9 or W8 is on file.
W8 Instructions
"Purpose of form. Foreign persons are subject to U.S.tax at a 30% rate on income they receive from U.S.
sources that consists of:
Interest (including certain original issue discount (OID). Dividends; Rents; Premiums; Annuities;
Compensation for, or in expectation of, services performed; connected with the conduct of a trade or business in the
Substitute payments in a securities lending transaction; Other fixed or determinable annual or periodical gains, profits, or income."
The key sentence is "Compensation for, or in expectation of, services performed;"
You as an affiliate are expecting compensation for a service performed.
The US business is paying you money. To prove they paid out the money they must receive a W9 from any US based company or individual or a W8 from a foreign based company or individual. If they don't have this document on file, they are required to withhold 30% of the money due you. Companies don't want to fuck with the hassles of withholding. So they put in a policy, no W9 or W8, no payment.
You don't want to get paid, then don't fill out the form.
The statement
"If you are not a US citizen/company etc and do not own any property in the US and have no employees in the US, you must not file a w8ben form. If you do, then you're making a false statement."
IS TOTALLY INCORRECT
The fact that a US corporation is paying you, makes it US income, unless you fill out a W8 to prove you are not a US corporation or citizen.
You fill out the W8, the IRS won't tax you. However, they will report that money to the country you are in, if they have a tax treaty.
|
Incorrect.
see https://gfy.com/showpost.php?p=18982212&postcount=49
and https://gfy.com/showpost.php?p=18982216&postcount=50
btw: filling out a w8 form does not as you say prove you are not a US corporation or citizen.
By filling out a w8ben form you state that you are not a US person, but do have US based activities. W8ce is for US expatriates. W8eci is for for example foreign companies that have a branch in the US. etc.
Here's a company that gets it right:
https://www.google.com/adsense/taxinfo
Quote:
Publishers will fall into one of three main tax categories:
*U.S. Business: The payee is based in, and pays taxes in, the U.S.
*Non U.S. Business (No U.S. Activities): The payee's operations related to participation in AdSense are based entirely outside of the U.S., and payee does not pay taxes in the U.S.
*Non U.S. Business with U.S. Activities: The payee is based outside of the U.S., but has equipment or employees in the U.S. that are involved with payee's participation in AdSense.
|
Quote:
Non U.S. Business (No U.S. Activities )
United States (U.S.) Activities involve having employees or owning equipment in the U.S. that are involved in any way with revenue earned through the AdSense program. This includes, but is not limited to, owning a web server or owning a hosting service in the U.S., or having employees in the U.S. who are involved in either:
setting up a web server, hosting service, or website
developing content for your website
marketing to create a user base for your site
telephone support for your site
buying products for your site
maintaining your site
Generally, utilizing an unrelated third-party U.S. web hosting service to host your web pages, renting web servers that are located in the U.S. from an unrelated third party, or having your payment sent to a U.S. Post Office Box or mail forwarding address, do not of themselves constitute U.S. Activities.
If you do not have U.S. Activities, please visit the Tax Information page under your My Account tab where you will agree to a statement to that effect. No tax forms are required in this instance.
|
|
|
|