Authors who are not from the U.S. are often caught in a quandary when it comes to taxation issues when it comes to downloading their books to be published and sold through aggregating sites such as Amazon. Many newly published authors in particular seem to get caught in the double taxation system, first by the 30% taken off their royalties by the site they’re published on, and then again at tax time.
There have been several articles written on these issues to help out authors on these issues. In fact, here’s one written by Diane Tibert for Canadian authors. But since that article, things have become somewhat easier in regards to avoid having to obtain an EIN from the IRS by being permitted now to use our social insurance numbers.
I recently came across this article from Joel Friedlander’s newsletter, the bookdesigner.com ,full of interesting and useful articles for Indie authors, and one written by Carla King for bookworks.com . It simplifies and explains the process for avoiding the dreaded 30% tax taken off royalties.
How to obtain free EIN #, EIN’s for authors, Free EIN’s for self-publishing authors, EIN’s for indie authors
Source: A Free EIN Simplifies the Business of Self-Publishing – BookWorks
D.G. Kaye ©October 2015