How UK Residents Can Stop Paying US Tax When Selling Ebooks in US Using Amazon and Smashwords
Business & Finance, Accounting, Taxation, Finance & Investing, Nonfiction, Reference & Language, Language Arts, Writing & Publishing, Publishing
| Author: | Rachel Henderson | ISBN: | 9781301581528 |
| Publisher: | Rachel Henderson | Publication: | July 28, 2013 |
| Imprint: | Smashwords Edition | Language: | English |
| Author: | Rachel Henderson |
| ISBN: | 9781301581528 |
| Publisher: | Rachel Henderson |
| Publication: | July 28, 2013 |
| Imprint: | Smashwords Edition |
| Language: | English |
If you are an ebook writer from the UK and selling your books through Amazon and Smashwords, then you could very much benefit from this book. It has information in it which will show you, in simple step by step terms of how to avoid paying US tax. Every time you are sent a payment for US ebook sales, you will be taxed at 30%. YES 30%!! This will be taken away at source. Then when you complete your UK self-assessment tax return, you will have to pay UK tax and National Insurance on those earnings, if they are large enough. The US tax is not determined by income. You will be taxed 30% on everything you earn.
The good news is, that the UK and US has a tax agreement between them which means that you can become exempt from paying tax. However, the IRS is rather like our UK tax office in that it needs this done formerly. You will need to complete the correct paperwork and follow the right process in order to get this exemption. There is information on line on how to do this, which is how I did it. However, I found it really difficult to follow. As I worked through the process I completed a step-by-step guide which I promised that I would send to a couple of people who also sell ebooks and wanted to know how to do it. As I had the information documented, I decided to publish it, so that I could help other people to do it too.
This book therefore contains information on where to find all of the necessary forms, how to complete them and where to send them to. It has links to where you can find the forms on line as well as examples of completed forms so you get all the information you need to make this process as easy as possible.
If you are an ebook writer from the UK and selling your books through Amazon and Smashwords, then you could very much benefit from this book. It has information in it which will show you, in simple step by step terms of how to avoid paying US tax. Every time you are sent a payment for US ebook sales, you will be taxed at 30%. YES 30%!! This will be taken away at source. Then when you complete your UK self-assessment tax return, you will have to pay UK tax and National Insurance on those earnings, if they are large enough. The US tax is not determined by income. You will be taxed 30% on everything you earn.
The good news is, that the UK and US has a tax agreement between them which means that you can become exempt from paying tax. However, the IRS is rather like our UK tax office in that it needs this done formerly. You will need to complete the correct paperwork and follow the right process in order to get this exemption. There is information on line on how to do this, which is how I did it. However, I found it really difficult to follow. As I worked through the process I completed a step-by-step guide which I promised that I would send to a couple of people who also sell ebooks and wanted to know how to do it. As I had the information documented, I decided to publish it, so that I could help other people to do it too.
This book therefore contains information on where to find all of the necessary forms, how to complete them and where to send them to. It has links to where you can find the forms on line as well as examples of completed forms so you get all the information you need to make this process as easy as possible.
