Hi guys. I am new here and just published my first book. I am wondering if there are any New Zealand authors around. If yes, could you please help me understand how is the payment made for us, New Zealanders. I noticed that we don't have the direct payment into account piton, so I guess that we would have a checque posted. Is that the case? Thanks!
I'm a NZ author. Yes, payment has to be by cheque for us. I've contacted Amazon in the past and they advised that is the case but hopefully this may change in the future with payments to NZ accounts.
I'd also looked at the option mentioned in the previous post - but there is a charge for the service and decided that it was a better deal to receive the paper cheque. Especially if your royalties are not large enough to warrant extra deductions.
Or perhaps one of the listed US tax specialists in NZ (Note this list is only maintained as we receive information from those on it, some may no longer be qualified to provide US Tax advice or assistance): http://newzealand.usembassy.gov/contact_the_irs.html
Re. getting your passport notarized contact email@example.com
An ITIN sounds like a lot of hard work!
I'm an aussie, sorry to barge in, and I'm waiting for my first cheque but I do have my EIN (not an ITIN but does the same thing).
The Employer Identification Number (you can be a sole trader) took me less than 10 minutes on the phone, I used my regular phone and the call cost $3.43. And I had the number!
5 % tax from now on!
when you get the paperwork fill in a W8 BEN and send to Amazon
(Australia and NZ have a tax treaty number of 12 so 5% tax rate in W8 BEN part II 10 - check it out for yourself on Table 1 page 41 of http://www.irs.gov/pub/irs-pdf/p515.pdf we are Royalties > copyright - the last column)
read the comments
No need to fill in a Tax return in the US as no tax is payable, it is already paid, Amazon looks after it.
Best people to follow are Sharny and Julius see above
So I rang up, very late on the Monday night (Dec 10) and got through to Philadelphia with a guy with a strange accent - maybe Hispanic -, early on his Monday morning.
No waiting around, straight through.
He rushed though the final checking so there was one mistake on my paper form, my street should start with "F" but they had it with a "S".
I immediately got my EIN
He said the paperwork would take 2-3 weeks. It took until Jan 3 so just over 3 weeks despite wrong street name and Christmas rush.
Next time I would:
- print out and fill out the physical SS-4 and have it in front of me - just so I had all the details absolutely correct - or maybe use fax
- ask him to repeat bits of his "read back" just to make sure they were correct - he rushed through it
I posted a correction request back to the IRS January 7 and at the same time posted my "wet ink", (I used blue ink ) W8 -BEN to Amazon - the address is on the page above. This is so Amazon can show the IRS that I have passed all the hurdles.
I was helped in filling out the W8 BEN form by the (messy) example from Amazon's page (above) and there is a detailed section on the main blog post by catherinerynhoward (also above) but basically what Sharny and Julius had was enough.
I haven't heard back yet but the deed is done. and only has to be done once unless I move to the US (fat chance!)
Edited by: Bruce Thompson on Jan 20, 2013 12:03 AM
Hi My name is Joy Findlay and I've been publishing on Amazon for over a year now. I've had all of my cheques posted to me (takes two months sometimes!!!) until about a month ago. I now have a GBP Citibank foreign currency account with a NZ local bank and all my payment will be going into that now. My cheques go into this account now and instead of taking 6 weeks (30 working days) to clear, they take two weeks at the most and cost me about $5. The account costs me $10 a month to maintain and I get to accesss it all online with internet banking. I can choose when to draw down on the GBP by watching the currencies and get more bang for my buck.
I am in the process of sorting out my US tax and will be applying for an ITIN number with a court Secretary verified copy of my passport. It doesn't take to long and yes, saving up to 25% will save me thousands each year. The reason I am applying for a ITIN number instead of an EIN number is because I am not a sole trader with Amazon, I am a sole trader for a business (Findlaybooks) I have started here in NZ. This means that I can claim expenses back on my IR3 - my rent, my internet and power, my stationary, domain names, cell phone charges and any other ebooks that I purchase for 'research and development'.
Hope this helps. If you are a kiwi author selling on Amazon, we'd love to see you on facebook. I have a forum for kiwi authors called The Write Stuff. Look us up please, we'd love to meet you.