Welcome, Guest! Why not create a free forum account today and join in with the world's friendliest bunch of Kindle enthusiasts

Amazon now paying non US authors by EFT! Bye bye cheques :)

Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
 
Offline George Reading In The Blood Steve Robinson
07 Feb 2013, 03:48 PM | Post: #41

Veteran Member
*****

Posts: 473
Joined: Jan 2012

Thanked 14 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

Great news, now all I need are some more sales in the USA. The majority of mine are UK based.
Offline Cathy Reading travels in Elysium by William Azuski
07 Feb 2013, 04:49 PM | Post: #42

Senior Member
****

Posts: 288
Joined: Mar 2012

Thanked 6 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

(06 Feb 2013 10:42 AM)Steve Robinson Wrote:  
(06 Feb 2013 09:14 AM)LindaGruchy Wrote:  Great, thanks Sibel. Now all I have to do is sort the stupid tax thing out.

Best thing is to just do it, Linda. I put it off for many months, but as the cheques got bigger I got upset to see how much the IRS were keeping. I can offset that when it comes to pay my UK taxes of course, but I'd like it to come to the UK - and I can make some interest on it before I have to pay my tax - if I don't spend it first of course.

Going the EIN route was really easy. I followed a link online (see below) that explained everything. I called the IRS and asked for an EIN, and a few minutes later they gave me one. I then printed off the W8-BEN form and posted it to Amazon. A week later they emailed me to say they'd received it and about a week after that they said that they'd set my withholding to zero. I just had a cheque from them and nothing withheld.

Follow the info on this link. It's really much easier than you think it is. Smile

http://catherineryanhoward.com...

Thanks for that link; it doesn't seem quite so difficult reading about it there.

Best wishes, Cathy
Offline Cathy Reading travels in Elysium by William Azuski
07 Feb 2013, 05:01 PM | Post: #43

Senior Member
****

Posts: 288
Joined: Mar 2012

Thanked 6 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

(07 Feb 2013 03:41 PM)Ray Kingfisher Wrote:  Avoidance vs Evasion is purely a legal issue.

If you actively do anything whatsoever to not pay tax that you otherwise would pay (including reclaiming it when you weren't due to pay it in the first place) and it's legal, it's by definition (because you're not breaking the law) legally classed as avoidance.
That's all it means - legally doing something to not pay tax. And my point (which I'm beginning to wish I hadn't mentioned) was 'that's all Starbucks et al were doing'.

It's a sad endictment of our age that you appear to be so worried about being labelled 'tax avoider'. I'd love to avoid paying tax at all.

RK.

I'm really glad you did introduce the subject 'cos that's what I'd been thinking about and wasn't sure. It's been a most interesting discussion to read through. I think you should only have to pay tax on what you earn once and if you earn it in the US you should pay it in the US but as they don't do it that way and you would have to pay it in UK as well, no problem with sorting out the forms and only paying in UK. But what makes me choke are those who go to great lengths to avoid paying any tax anywhere whether it's mega-globals or the guy in the corner shop.

Best wishes, Cathy
Offline Daphne Reading Wanted by Tim Arnot
07 Feb 2013, 05:52 PM | Post: #44

Veteran Kindle Owner
*******

Posts: 1,559
Joined: Sep 2010

Thanked 89 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

(07 Feb 2013 03:41 PM)Ray Kingfisher Wrote:  Avoidance vs Evasion is purely a legal issue.

If you actively do anything whatsoever to not pay tax that you otherwise would pay (including reclaiming it when you weren't due to pay it in the first place) and it's legal, it's by definition (because you're not breaking the law) legally classed as avoidance.
That's all it means - legally doing something to not pay tax. And my point (which I'm beginning to wish I hadn't mentioned) was 'that's all Starbucks et al were doing'.

It's a sad endictment of our age that you appear to be so worried about being labelled 'tax avoider'. I'd love to avoid paying tax at all.

RK.

I’m of the “No Taxation without Representation” school of thought. I don’t live or work in the USA and I am not a US citizen and I cannot vote there, so I don’t feel very motivated to pay tax there. Happily, once I filled in the paperwork to prove I was a British Citizen living in the UK, the IRS no longer expects me to.

I think the obligations and responsibilities of multi-national companies are probably a more complex issue.

But I agree with Cathy that this is an interesting discussion.
[Image: 51F7xHVzRlL._SL95.jpg][Image: 51elwZ0zy4L._SL95.jpg]
Daphne Coleridge | Twitter
Offline George Hamilton
06 Mar 2013, 03:04 PM | Post: #45

Master of Verbosity
*******

Posts: 1,174
Joined: Dec 2010

Thanked 108 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

Is anyone else still receiving cheques from Amazon.com, even though you signed up to EFT? I received a cheque today (6 March 2013), and I signed up to EFT a few weeks ago.

In addition, the monies for loans in the month concerned have not been included in the cheque, which it usually is.
Offline LexiRevellian Reading A book which I have forgotten to add here
06 Mar 2013, 03:10 PM | Post: #46

Keen kuffer
*******

Posts: 1,773
Joined: Aug 2010

Thanked 71 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

(06 Mar 2013 03:04 PM)George Hamilton Wrote:  Is anyone else still receiving cheques from Amazon.com, even though you signed up to EFT? I received a cheque today (6 March 2013), and I signed up to EFT a few weeks ago.

In addition, the monies for loans in the month concerned have not been included in the cheque, which it usually is.

Yes! I did on Monday, even though I've had a couple of payments directly into my bank from the US last month (when they withheld US tax by mistake, and had to send the balance). I emailed them, but have had no response yet.
Lexi
website
[/url] [Image: 51WwAD9NMtL._SL95.jpg][Image: 51da-%2BYkhRL._SL95.jpg] [Image: 51iBX4NnxoL._SL95.jpg] [Image: 41UMQk6bFIL._SL95.jpg] [Image: 51qTzauJb7L._SL95.jpg] [Image: 51tzp0Z0gmL._SL95.jpg] [Image: 51gPJw7MmjL._SL95.jpg] [Image: 611cl4LH%2BqL._SL95.jpg]
Offline lyndawrites Reading The Twopenny-Hat Detective by Brian Sellars
06 Mar 2013, 03:31 PM | Post: #47

Comma Abuser
*******

Posts: 1,691
Joined: Aug 2011

Thanked 136 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

Hmm, I thought EFT payments were due to start as from April's payment. US sales have been dire recently so I've not received a payment so far this year Sad
[Image: 51WAa-2HmoL._SL95.jpg][Image: 51OHQsDRHwL._SL95.jpg][Image: 51fpdh2GGlL._SL95.jpg][Image: 51hPHc37EWL._SL95.jpg]
Offline George Hamilton
06 Mar 2013, 04:27 PM | Post: #48

Master of Verbosity
*******

Posts: 1,174
Joined: Dec 2010

Thanked 108 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

Thanks Lexi and Lynda. I've emailed them also, so will report back if I get a response.
Offline Damien J. Nash Reading Flux by Mark. R. Faulkner
06 Mar 2013, 04:50 PM | Post: #49

Author
******

Posts: 930
Joined: Sep 2012

Thanked 38 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

(06 Mar 2013 03:31 PM)lyndawrites Wrote:  Hmm, I thought EFT payments were due to start as from April's payment. US sales have been dire recently so I've not received a payment so far this year Sad

Yup, from April.
Offline George Hamilton
06 Mar 2013, 05:14 PM | Post: #50

Master of Verbosity
*******

Posts: 1,174
Joined: Dec 2010

Thanked 108 times

What I Read

RE: Amazon now paying non US authors by EFT! Bye bye cheques :)

This post was last modified: 06 Mar 2013 05:16 PM by George Hamilton.
Below is Amazon's response. So based on when I signed up, should be end April early May for me: (I thought the falling sales were just me. What's going on?)

Hello,
Changes to your payment details will only have an effect on royalties collected after making the change. Unfortunately, it isn't possible to change the payment details for royalties accrued prior to any modifications to your payment details.

Those outstanding payments will be paid according to the currency and payment method present on your account at the time the royalties were accrued.

I'm very sorry for any inconvenience this may cause.

Currently Reading:In The Blood Steve Robinson Last Book I Read:The Charter Favourite Genres:Crime
Currently Reading:travels in Elysium by William Azuski Last Book I Read:Conversations in the Abyss by Michael Brookes Favourite Genres:Literary,Historical, Crime,ThrillerFavourite eBooks:
See my recommendations
Currently Reading:Wanted by Tim Arnot Last Book I Read:I Like You For Murder: Emily Nemchick Favourite Genres:Eclectic ReaderFavourite eBooks:
See my recommendations
Favourite eBooks:
See my recommendations
Currently Reading:A book which I have forgotten to add here Last Book I Read:Bad Luck and Trouble by Lee Child Favourite Genres:Commercial FictionFavourite eBooks:
See my recommendations
Currently Reading:The Twopenny-Hat Detective by Brian Sellars Last Book I Read:Reunited in Death by Cecilia Peartree Favourite Genres:Mystery
Currently Reading:Flux by Mark. R. Faulkner Last Book I Read:Neverwhere by Neil Gaiman Favourite Genres:Indie books!