Hi! Thanks for the explanation, ive been binging some of you video. Question : What happens if I fill in W-8BEN, but I am be from a country without a tax treaty with the US? What would happen in that case?
Good afternoon. Thank you for your video. I am now completely confused. I am not a US citizen, but I wrote a book that I would like to publish on Amazon. In turn, Amazon requires an ITIN number from me to publish this book. I wanted to fill out the W7 form and submit it to the IRS so they could provide me with an ITIN number, but they told me over the phone that the W7 form is not intended for the purpose of publishing my books on Amazon. They required me to file a tax return and submit it to them. But I don't have a tax return and I haven't received any income in the US yet. I don't understand what other forms I need to fill out to satisfy both Amazon and the IRS.
Personally, I am confused. I live in Greece and I want to work with Adobe Stock, which is a platform where you upload photos and videos you have created. If they are sold, you earn a percentage of the profit, royalties. What should I fill in on the form? 15% withholding tax or 0? Since you say that normally no tax should be withheld in such cases.
Why does a life investment company in another country send me this form? I am a us citizen and I am not working for them, but has an extremely small investment account, like a mutual fund, that I have been making monthly payment to that account and it has been losing money.
I started posting on TikTok and my content got monetized and I started making money. I’m gonna get an ITIN and form a multi member LLC to fill a W9 form and open a paypal business account. Is content creation, affiliate marketing and sponsorship deals taxable for a non US resident like me or not? ( my audience are mainly American and all the affiliate and sponsorship deals are gonna be American also).
I have a foreign-owned single-member LLC, and I work outside the U.S. as a contractor. Should I fill out the W-8BEN form with my name as the individual owner, or should I use the LLC's name?
I completed the account opening at a bank branch and filled out the W-8BEN form on the spot. Interestingly, they still sent me a 1099 during tax season. How should I handle this situation?
Im not sure, I am still learning as well. 1. But in the James says you aren't taxed for "services rendered outside the US" but interest on a bank account is _not_ a "service rendered outside the US" But there is a section on the video which has a screenshot that shows the definition of FDAP. It shows the types of things that need to be taxed. So my guess is, you would get the 1099 if you have FDAP types of income. 2. If someone gets a 1099 are they then forced to do the tax return? Im not sure. I wonder if you get the 1099 you only have to do a tax return if your tax was not correctly withheld.
The most clarifying video I've watched regarding W8-BEN, thank you!
Thanks for the comment! Happy it was helpful
thank you James your impact in helping Latinos and also US citizens is huge, I really appreciate it, thank you
Thanks for the comment let me know if you have any video requests!
Great video! Thanks!
the problem is that most US Companies ask to complete Part III for the w8ben eventhough services are performed outside.
Hi! Thanks for the explanation, ive been binging some of you video. Question : What happens if I fill in W-8BEN, but I am be from a country without a tax treaty with the US? What would happen in that case?
Good afternoon. Thank you for your video. I am now completely confused. I am not a US citizen, but I wrote a book that I would like to publish on Amazon. In turn, Amazon requires an ITIN number from me to publish this book. I wanted to fill out the W7 form and submit it to the IRS so they could provide me with an ITIN number, but they told me over the phone that the W7 form is not intended for the purpose of publishing my books on Amazon. They required me to file a tax return and submit it to them. But I don't have a tax return and I haven't received any income in the US yet. I don't understand what other forms I need to fill out to satisfy both Amazon and the IRS.
Personally, I am confused. I live in Greece and I want to work with Adobe Stock, which is a platform where you upload photos and videos you have created. If they are sold, you earn a percentage of the profit, royalties. What should I fill in on the form? 15% withholding tax or 0? Since you say that normally no tax should be withheld in such cases.
James can you explain how I can use a W-9 as a forgein multi member LLC?
Thanks James.
Why does a life investment company in another country send me this form? I am a us citizen and I am not working for them, but has an extremely small investment account, like a mutual fund, that I have been making monthly payment to that account and it has been losing money.
I started posting on TikTok and my content got monetized and I started making money. I’m gonna get an ITIN and form a multi member LLC to fill a W9 form and open a paypal business account. Is content creation, affiliate marketing and sponsorship deals taxable for a non US resident like me or not? ( my audience are mainly American and all the affiliate and sponsorship deals are gonna be American also).
I have a foreign-owned single-member LLC, and I work outside the U.S. as a contractor. Should I fill out the W-8BEN form with my name as the individual owner, or should I use the LLC's name?
Your name
Hello sir,where i submit the form after fillup
To the person that asked for it
I completed the account opening at a bank branch and filled out the W-8BEN form on the spot. Interestingly, they still sent me a 1099 during tax season. How should I handle this situation?
Sir can you pls tell me do after fillup the form
Im not sure, I am still learning as well. 1. But in the James says you aren't taxed for "services rendered outside the US" but interest on a bank account is _not_ a "service rendered outside the US" But there is a section on the video which has a screenshot that shows the definition of FDAP. It shows the types of things that need to be taxed. So my guess is, you would get the 1099 if you have FDAP types of income. 2. If someone gets a 1099 are they then forced to do the tax return? Im not sure. I wonder if you get the 1099 you only have to do a tax return if your tax was not correctly withheld.
@@jay.rhoden THANK SIR FOR REPLYING