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Questions have come up on on tax forms and obtaining a U.S. Taxpayer Identification Number or TIN if you live outside of the U.S. but working with a U.S. based company. I have moved the comments to here.
Questions have come up on on tax forms and obtaining a U.S. Taxpayer Identification Number or TIN if you live outside of the U.S. but working with a U.S. based company. I have moved the comments to here.
Is there anyone who knows about what difference is between going embassy and notary public to notarize passport? I am going to notarize my passport to receive ITIN from IRS but American embassy is a little far from my home. So I want to go to notary public for convenience.(it is even possible to notarize with notary public by post or online). but like I said above, I’m wondering what is difference(or pros and cons) between embassy and notary public. for examble, such as security problems. I do want to go to notari public if there is no problem to worry about security of personal information.
Please give me some advice, Thanks.
If you are a composer living outside the US and have your own company like me there is no need for an ITIN and difficult stuff with Embassy and notarized copies.
Just call the IRS, fill in a SS4 form together with the Taxguy on the phone and get your EIN number immediately
Took me 20 minutes..
Then fill in a W-8Ben form with the EIN and send it to the Libraries that need it.
Ready!
[...] This post was mentioned on Twitter by Music Library Report. Music Library Report said: New Comment: We have a tax thread now so I have moved you here. http://bit.ly/bVY19a [...]
Apologies for this being off-topic – there isn’t a tax thread anywhere, and since this relates to payment the royalty thread was the closest I could find. We need help from any UK or Northern Ireland composers who have successfully applied for an ITIN (Individual Taxpayer ID Number).
We have been experiencing some confusion with correctly filling out form W-7. We want to clarify our exception category and tax treaty article number before we send in the application to the IRS, as entering the wrong information will result in having to do it all again.
We are fairly certain we are in exception category 1(d):
“1(d) Individuals who are receiving distributions during the current year of income such as pensions, annuities, royalties, dividends, etc. and are required to provide an ITIN to the withholding agent (i.e., investment company, insurance company, financial institution, etc.) for the purposes of tax withholding and reporting requirements.”
And tax treaty article 12:
“ARTICLE 12
Royalties
1. Royalties arising in a Contracting State and beneficially owned by a resident of the other Contracting State shall be taxable only in that other State.
2. The term “royalties” as used in this Article means:
a) any consideration for the use of, or the right to use, any copyright of literary, artistic, scientific or other work (including computer software and cinematographic films) including works reproduced on audio or video tapes or disks or any other means of image or sound reproduction, any patent, trade mark, design or model, plan, secret formula or process, or other like right or property, or for information concerning industrial, commercial or scientific experience; and
b) any gain derived from the alienation of any right or property described in sub-paragraph a) of this paragraph, to the extent that the amount of such gain is
contingent on the productivity, use, or disposition of the right or property.
3. The provisions of paragraph 1 of this Article shall not apply if the beneficial owner of the royalties, being a resident of a Contracting State, carries on business in the other Contracting State, in which the royalties arise, through a permanent establishment situated therein, and the royalties are attributable to such permanent establishment. In such case, the provisions of Article 7 (Business Profits) of this Convention shall apply.
4. Where, by reason of a special relationship between the payer and the beneficial owner or between both of them and some other person, the amount of the royalties paid exceeds, for whatever reason, the amount which would have been agreed upon by the payer and the beneficial owner in the absence of such relationship, the provisions of this Article shall apply only to the last-mentioned amount. In such case, the excess part of the payments shall remain taxable according to the laws of each Contracting State, due regard being had to the other provisions of this Convention.
5. The provisions of this Article shall not apply in respect of any royalty paid under, or as part of, a conduit arrangement.”
The exception category and tax treaty article number relate to box “h” in the first section of the form which can be found here: http://www.irs.gov/pub/irs-pdf/fw7.pdf. If anyone could confirm that we have chosen the correct information (or let us know what we should put if this is wrong) we would be extremely grateful! If you happen to live in or near Leeds, we’ll buy you a pint.
We have a tax thread now so I have moved you here.
To my experience, the process goes like this:
1) You fill in form W-7 and send it to the IRS along with a notarized copy of your passport. Even a local notary public can notarize the copy with an apostille (no need to go the embassy).
2) If your application is approved, the IRS will issue you the ITIN…the process could take 6-8 weeks.
3) You fill in from W-8BEN and send it to the Great Big Music Library that pays you money.