W8 tax forms and sponsors

[McSpike]

Why do only a few sponsors (Bumble Cash, Blazing Bucks...) require one to sign a W8 tax form for non-US webmasters while the majority do not?

What's the catch? Is everyone else operating from outside the US?

[u-Bob]

FACT: US sponsors are NOT required by law to get signed w8 forms from non-US webmasters.

[polish_aristocrat]

drop the sponsor asap ;)

[amateurcanada]

Join us and forego lol

[McSpike]

Originally Posted by u-Bob

FACT: US sponsors are NOT required by law to get signed w8 forms from non-US webmasters.

What's the catch of W8 forms then at all?

[u-Bob]

Originally Posted by McSpike

What's the catch of W8 forms then at all?

Sponsors that require signed w8 forms from non-US webmasters are either clueless or looking for a reason to hold on to your money for a bit longer. either way: drop them.

[Hotrocket]

I believe you are confusing the W-9 form and the W-8 form

W-9 form is for US residents

W-8 form is for non US residents

read about who is required to use the W-8 form here

http://72.14.253.104/search?q=cache:...s&ct=clnk&cd=2

[McSpike]

Originally Posted by Hotrocket

I believe you are confusing the W-9 form and the W-8 form

W-9 form is for US residents

W-8 form is for non US residents

read about who is required to use the W-8 form here

http://72.14.253.104/search?q=cache:...s&ct=clnk&cd=2

No, I am talking about W-8 allright. I am a non-US webmaster. Now, reading that pdf instructions I don't get it why we don't have to file W-8 forms, W-8BEN in particular. None of you who say we don't have to file them explained why don't we have to do it as non-US webmasters.

The instructions say:
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;
? Royalties;
? Premiums;
? Annuities;
? Compensation for, or in expectation of, services
performed;
? Substitute payments in a securities lending transaction;
or
? Other fixed or determinable annual or periodical gains,
profits, or income.

Who must file. You must give Form W-8BEN to the
withholding agent or payer if you are a foreign person
and you are the beneficial owner of an amount subject to
withholding. Submit Form W-8BEN when requested by
the withholding agent or payer whether or not you are
claiming a reduced rate of, or exemption from,
withholding.


So, what's the catch here? Is it because we are receiving a "Other fixed or determinable annual or periodical gains, profits, or income." but we are not a subject to withodling, because we were not living in the US at the time of making the income? Is that so, or is there some other catch why we don't have to file it?

[okdesign]

Originally Posted by u-Bob

FACT: US sponsors are NOT required by law to get signed w8 forms from non-US webmasters.

Right!

[McSpike]

Ok. Can someone explain why is that so?

[polish_aristocrat]

well but why do you care?

it's a standard among affiliate programs, that foreign webmasters don' have to be bothered with any kind of US tax forms.... so if you're foreign, then just be happy about it :D

[Zester]

Originally Posted by polish_aristocrat

well but why do you care?

it's a standard among affiliate programs, that foreign webmasters don' have to be bothered with any kind of US tax forms.... so if you're foreign, then just be happy about it :D

tax managment is a very important thing.
the webmaster of this site: http://www.money4u.net/ was sued in my country and forced to pay his taxes plus a 550,000 NIS fine (about $135,000) and spend 10 months in jail.