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Permlink Replies: 5 - Pages: 1 - Last Post: Oct 26, 2017 2:57 AM Last Post By: DashaKishuk
Barbara Thayer

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Registered: 10/24/17
Silly newbie tax question
Posted: Oct 25, 2017 1:02 AM
 
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Apologies for the newbie question. I searched and couldn't find anything specific. --Since KDP reaches many countries, are earnings from non-U.S. sales considered "foreign income"? Is there anything special to do when filing taxes, or is it all just reported together?
Thanks.
Donna St Felix

Posts: 5,430
Registered: 09/18/13
Re: Silly newbie tax question
Posted: Oct 25, 2017 2:45 AM   in response to: Barbara Thayer in response to: Barbara Thayer
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Barbara Thayer wrote:
Apologies for the newbie question. I searched and couldn't find anything specific. --Since KDP reaches many countries, are earnings from non-U.S. sales considered "foreign income"? Is there anything special to do when filing taxes, or is it all just reported together?

If you live in the USA and you sell thru a US company (Amazon), plus are paid by a US company (Amazon), you only worry about US income.
That means all sales are considered US sales (US income).
Notjohn

Posts: 22,960
Registered: 02/27/13
Re: Silly newbie tax question
Posted: Oct 25, 2017 3:41 AM   in response to: Barbara Thayer in response to: Barbara Thayer
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Americans (and anyone living in the US) are uniquely privileged among nationalities. We get to pay taxes on everything we earn, anywhere in the world.

Indeed, Amazon finally recognized this fact and combined all our earnings into a single 1099-MISC, which you will receive in February. Amazon sends a copy to the IRS, of course, just in case yours should go astray in the mail.

(Don't trust KDP to publish a print edition. Don't trust CreateSpace to publish an ebook.)

Good luck! -- NJ

Notjohn's Guide to E-Book & Print Formatting

The blog:
http://notjohnkdp.blogspot.com
Sarah E. Holroyd

Posts: 172
Registered: 01/13/15
Re: Silly newbie tax question
Posted: Oct 25, 2017 3:44 AM   in response to: Notjohn in response to: Notjohn
 
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Notjohn wrote:
Americans (and anyone living in the US) are uniquely privileged among nationalities. We get to pay taxes on everything we earn, anywhere in the world.
Not completely unique...Eritrea is the only other country on the entire planet that uses citizenship-based taxation!

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wirdmonger

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Registered: 01/07/12
Re: Silly newbie tax question
Posted: Oct 26, 2017 12:47 AM   in response to: Barbara Thayer in response to: Barbara Thayer
 
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You pay tax in most countries. My country has different tax treaties with other countries and in some of those the agreement is I pay all the tax in my country and in others the agreement is that I pay some to the country where the trade or profit took place. If you are an American living offshore you are in an interesting situation in that the US think that the benefits it pays out trump the benefits in the place you live. There are ways around it but most of the American ex-pats I know who pay tax do so out of a desire for their kids to use the US tertiary education system. I suspect it is coupled with a yearning for them to leave home too!
DashaKishuk

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Registered: 10/26/17
Re: Silly newbie tax question
Posted: Oct 26, 2017 2:57 AM   in response to: wirdmonger in response to: wirdmonger
 
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Hi
I, too, are interested in this issue. And tell me, what is the way that you can get around this?) I used a simple amazon account. When selling goods in the US, the tax was withdrawn. But it does not affect when I buy something from the United States. Perhaps there is a way how to set it up? Or do you need an American bank card? I was told by my friend that you can make a single system for all countries associated with tax. Perhaps someone has already come across this. Now I have a new account. I want to create a cool store on Amazon. Here is my product www.machohairstyles.com. Therefore, I am interested in these issues. I will be grateful for the advice
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