12 {{ upvoteCount | shortNum }}
12 {{ upvoteCount | shortNum }}

Warriors, I really need your advice warriors about this

by Norim
9 replies
If you lived in a tax free country (and a citizen) and started doing internet marketing, and found out later that the IRS would withheld 30% of your earnings, either from affiliate networks like clickbank or ad revenue like adsence, would you still be doing internet marketing? What would you do in this situation?

Your replies and opinions are highly appreciated, I really need an advice about this.

Thanks
#advice #warriors
  • Profile picture of the author xpesos
    I think there should be no second opinion..
    If you are getting 70% then it's still better than 0

    If i were you i will be happy with 70% earnings till i manage to have some reasonable bank balance which would help me move to some other country
    Signature
    Daily 15+ Winning Products and 500+ Trending Products for Dropshipping/Ecommerce/Amazon FBA - Start free Today
    {{ DiscussionBoard.errors[8960938].message }}
  • Profile picture of the author Paul Myers
    I would do two things. First, I would consult an accountant. Second, I would stop making my posts harder to read by shrinking the text size.
    Signature
    .
    Stop by Paul's Pub - my little hangout on Facebook.

    {{ DiscussionBoard.errors[8960940].message }}
    • Profile picture of the author Jeff Lenney
      Hi Norim

      I'm not sure to be honest with you, have you consulted a tax attorney or consultant yet?

      Jeff
      Signature

      Too lazy to write something clever here, so check out my marketing blog and learn from a REAL Super Affiliate at JeffLenney.com

      {{ DiscussionBoard.errors[8960945].message }}
  • Profile picture of the author Honest Al
    My question to you.
    Are you a citizen of that country or a US citizen.
    {{ DiscussionBoard.errors[8960951].message }}
    • Profile picture of the author Norim
      Originally Posted by xpesos View Post

      I think there should be no second opinion..
      If you are getting 70% then it's still better than 0

      If i were you i will be happy with 70% earnings till i manage to have some reasonable bank balance which would help me move to some other country
      Yes, i agree, hope it would work that way, Thanks xpesos.

      Originally Posted by Paul Myers View Post

      I would do two things. First, I would consult an accountant. Second, I would stop making my posts harder to read by shrinking the text size.
      I tried to do that, but unfortunatly accountants in my country dont understand what internet marketing is or how to deal with taxes involvong the IRS.

      My apologies for the text, i will make it bigger next time, Thanks Paul.

      Originally Posted by eljeffe77 View Post

      Hi Norim

      I'm not sure to be honest with you, have you consulted a tax attorney or consultant yet?

      Jeff
      Unfortuanlty we dont have tax attornies or consultants in my country, thanks Jeff.
      Originally Posted by Honest Al View Post

      My question to you.
      Are you a citizen of that country or a US citizen.
      Im a citizin of that country.
      {{ DiscussionBoard.errors[8960994].message }}
  • Profile picture of the author phpg
    You mean, US IRS? How they can technically do that, if you are not US citizen and don't live there?
    {{ DiscussionBoard.errors[8960999].message }}
  • Profile picture of the author Mark Singletary
    Did the advice not work from your exact same question 2 months ago?

    http://www.warriorforum.com/main-int...tes-taxes.html

    If you aren't getting the answers you need here, go to where you can get answers such as the company that's withholding the taxes.

    In fact, no one should rely on any legal or tax type answer from here unless the answer is "consult a licensed and reputable professional".

    Having said that, from these two sources:
    https://kdp.amazon.com/help?topicId=201274690
    Taxation of Nonresident Aliens

    It appears that Amazon does indeed withhold the tax but that you can possibly reclaim it through filing the tax return listed in the second link. However, I would ask a tax professional for further advice if the IRS link above doesn't make sense. You may can even ask the IRS for help after researching it more on your own.

    Mark
    {{ DiscussionBoard.errors[8961036].message }}
    • Profile picture of the author Norim
      Thank you Mark, but these are two different questions, in my previous post i asked "why Amazon would withhold 30% of my earnings and clickbank wouldn't! Im a foreign affiliate in both sites! How could that be?"

      Later after that post, and after consulting with several tax professionals online, and a reply form the IRS, I've learned that 30% of my earnings would be withheld from any U.S income based for me as an international internet marketer since my country doesn't have tax treaties with the U.S.


      So my question for the warriors here is " If you are in my position and if you are aware of this fact (30% withholding) would you still continue with your internet marketing pursuits?"


      Thanks
      {{ DiscussionBoard.errors[8961139].message }}
  • Profile picture of the author SandraLarkin
    Banned
    Umm yes.


    It is like saying would you rather have a job or be homeless.


    Nonsensical question.
    {{ DiscussionBoard.errors[8961064].message }}

Trending Topics