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w8 form, chaturbate affiliate signup?

Discussion in 'Business & Tax Advice' started by rancidricky, Feb 2, 2016.

  1. rancidricky

    rancidricky Registered Member

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    Hi guys :). Sorry if I'm posting this in the wrong section, wasn't sure where to put it.

    Recently I was signing up to the chaturbate affiliate program and in order to submit the form I needed to check a box confirming something like "I'm exempt as outlined in the IRS w-8 form", which sorta confused me because I have no idea what that is. (being from outside the US I thought I wouldn't have to worry about US taxes etc).

    So I researched it a bit and found some blog where someone was saying that affiliates from outside the US (I'm from New Zealand) still have to pay some tax if the company they're an affiliate for is in the US. This sounds outrageous to me and I hope it's not the case.

    Can any chaturbate affiliate or anyone who knows about this clarify it for me.

    Thanks! ;)

    and once I figure this out, you can keep an eye out for my chaturbate journey thread to come. probably won't do it though if I have to pay tax x 2 :O
     
  2. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    I dont think so. You need not to pay any tax in USA if you are from outside USA.
     
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  3. islandman1010

    islandman1010 Elite Member

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    On the W8BEN just tick in part 2 question 9a where it says the "beneficial owner is a resident of.... " and put NZ in there. Leave part 3 blank and sign part 4.
     
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  4. rancidricky

    rancidricky Registered Member

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    Thanks for the clarification, I thought this surely was the case
     
  5. rancidricky

    rancidricky Registered Member

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    Thanks for the comment. I wasn't presented with any such form, it just made reference to the form in the sign-up page. So they would expect me to fill out this US form? and give it to who?
    I read on the IRS website "Give this form to the withholding agent or payer if you are a foreign person and you are the beneficial owner of an amount subject to withholding. Submit Form W-8BEN when requested by the withholding agent or payer whether or not you are claiming a reduced rate of, or exemption from, withholding."
    Would that mean I only have the form myself and give it to chaturbate if they wanted it.

    Sorry for the wall of text, I'm very thankful to any replies as this sort of terminology is really new to me.
     
  6. islandman1010

    islandman1010 Elite Member

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    Yes you would send it to the CPA company, including chaturbate. Most won't payout until they have the form. Its here now and its slightly different to the one I filled in but its the same. https://www.irs.gov/pub/irs-pdf/fw8ben.pdf
     
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  7. rancidricky

    rancidricky Registered Member

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    Thanks! I've got how this works now I think :). So from what I understand after filling the form out it may result in being exempt from the 30% withholding tax, if NZ has a tax treaty with the US. Which I believe it does but I can't find anywhere that it mentions whether it's simply reduced or outright exempt. I need to tick that I am exempt to signup. Any idea of where to get a hold of such info.
    Many thanks for the help I'm getting ! :rofl: