US Tax Reporting for Overseas and Foreign Authors
I get a lot of questions from foreign authors who want information on how to report their US income. If you are an author who lives outside the United States, but is making MONEY in the United States,Dame Nike Free 3.0 V2 Grå Blå Running Shoes, then you can generally choose two options:
1. Get your earnings automatically taxed at the highest rate (30%) and then the IRS won't care what you do,Nike Free Run 2 Red White Shoes, because they already got their chunk of cash.
2. You can obtain an ITIN (Individual Tax Identification Number), and you will be taxed according to any US Tax Treaty amount,chick here, which is usually about 10% for any countries that are friendly with the US (sorry Cuba and North Korea,Christian Louboutin chaussures Summerissima 140mmvente au rabais, you're out).
To get an ITIN,Nike Zoom Kobe VII Wolf Grey alt Orange Sko, you can do it two ways:
The HARD Way: Try to get one before actually filing a tax return.
The Easy Way: Request an ITIN at the same time you file,mbt schuhe, requesting your tax treaty benefit at the same time. Woo Hoo! You get your ITIN number and a check in the mail. The IRS is FORCED to assign a number to you if you submit a tax return, so we can always iron out any details that are missing as it gets processed.
A little note:
The IRS likes to see original documents,Nike Air Force 1 High Tops Sko Sort Rød, it's true. But they will return them to you. I was forced to send an original Birth Certificate and A Voter's Registration Card when I got ITINs for my In-Laws, who are Mexican citizens. The documents were eventually returned (it took many months). I know that a lot of people don't like to do this, but honestly,Wholesale Online Dame Nike Free Run 2 DarkGray Blue White Shoes, what is the cost of getting a new driver's license? The documents will be returned, so you can breathe easy.
If you absolutely cannot send an original document,Nike Zoom Kobe VI Grøn Gul Rød sorte sko, at least send a color copy of one. A GOOD color copy, and make sure that it is notarized with and ORIGINAL signature. It would be good to include a letter,see more, or just use a CPA or accountant where you live-- they usually can do this for you for a fee. If you are making good money as a writer, the cost of the accountant will be offset by the refund you get back.
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