Since I am not a US resident and therefore do not have a Social Security number, but sell my books through a California-based, US retailer and distributor, Smashwords, and the other EBook retailers Smashwords distributes to, the IRS (Internal Revenue Service) requires me to apply for an ITIN (Individualized Tax Identification Number) in order for Smashwords to release my book sales, without having to withhold taxes, which I will pay on my Canadian tax return.
Lots of information to process the past few months to become familiar with EBook publishing, the legal requirements for selling in another country, and with Smashwords, but thankfully the Smashwords founder, Mark Coker, has made the process much easier and less painful because of his thorough free EBook manuals he provides for authors turning into publishers.
Depending on how you publish, as an individual and sole proprietor, or as an entity, will depend on what IRS forms you will need to complete, along with “authorized” copies of your driver’s license or passport. I did not need a lawyer or a notary; a commissioner did the job for a much smaller fee.
Now the seven week wait begins for the Austin, Texas-based facility to process and provide my ITIN, but no problem, since Smashwords pays out quarterly and the next payout won’t be till January2016.
Happy reading and writing … whatever EBook platform you choose … but seriously, check out Smashwords first! And if you in Kincardine, Ontario Tuesday, October 13th between 7 to 8 pm, come and listen in on the Introduction Seminar I am providing to our community.
October 10, 2015
Kaitlin A. Trepanier … The Respect Specialist. Humanitarian. Social Entrepreneur. Speaker. Author. Poet. Playwright. Director. Publisher.
Raising the standard of living, quality of life, freeing potential, and generating peace with education, entertainment, and inspiration … because every child, every person, should know, by their own experience, they are valued … respected. Connecting the Dots … with The RESPECT PRINCIPLE. www.therespectprinciple.com
NEWSFLASH! EBooks now available at https://www.smashwords.com and other favorite EBook retailers. New release DARK HORSES …The Short Story. Plus, Business Manager search is on!
Kaitlin’s Smashwords interview https://www.smashwords.com/interview/KaitlinTR
Earn 11% of book sales by becoming a Smashwords Affiliate Marketer!
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