Nancy Deimatov Posted February 21, 2014 Share Posted February 21, 2014 Soo,i opened my email today, and found out that LL is requiring some information about me... all that ID and TAX ID Information of people who cash out. I'm not from US/Canada, and as the W8-BEN form kinda says: I'll pay 30% of every income...So that means i'll have to pay 30% of every withdrawn on SL and become a tax payer for the US? Link to comment Share on other sites More sharing options...
KarenMichelle Lane Posted February 21, 2014 Share Posted February 21, 2014 Nancy, Just file the Foreign Citizen documents and provide the information requested. Failure to file the necessary paperwork will force Linden Lab to withhold a portion of each payout transaction you request from them. That withholding will be sent to the IRS for resolution if you fail to do this in a timely manner. Link to comment Share on other sites More sharing options...
Nancy Deimatov Posted February 21, 2014 Author Share Posted February 21, 2014 but once i fill and send this form to LL, will i become a US tax payer? from what i've been told, i'll even get a social security number :matte-motes-confused: Link to comment Share on other sites More sharing options...
Amethyst Jetaime Posted February 21, 2014 Share Posted February 21, 2014 What if any tax you'll pay to the US will depend on if your country has a tax treaty with the US and what the treaty says about it. Most likely if you don't pay to the US you will have to pay taxes on it in your country.as the US may be required under the treaty to report the income to your country. You should contact your countries tax authority to find out what tax treaty exists with the US and how it applies to you, as ultimately it is your responsibility to pay whatever taxes you owe to the right place. Link to comment Share on other sites More sharing options...
KarenMichelle Lane Posted February 21, 2014 Share Posted February 21, 2014 Amethyst Jetaime wrote: What if any tax you'll pay to the US will depend on if your country has a tax treaty with the US and what the treaty says about it. Most likely if you don't pay to the US you will have to pay taxes on it in your country, as the US may be required under the treaty to report the income to your country. You should contact your countries tax authority to find out what tax treaty exists with the US and how it applies to you, as ultimately it is your responsibility to pay whatever taxes you owe to the right place. Amethyst is so correct. The world is becoming a smaller place. Link to comment Share on other sites More sharing options...
Nancy Deimatov Posted February 21, 2014 Author Share Posted February 21, 2014 thats the thing i'm finding odd i already pay taxes in my country, so i dont know why should i pay for another country too... and if i have to pay 30% to the US, it will be better if i dont even cash anything out. Link to comment Share on other sites More sharing options...
Amethyst Jetaime Posted February 21, 2014 Share Posted February 21, 2014 Nancy Deimatov wrote: thats the thing i'm finding odd i already pay taxes in my country, so i dont know why should i pay for another country too... and if i have to pay 30% to the US, it will be better if i dont even cash anything out. That's why tax treaties exist, so that the countries agree on who taxes what and someone like you ends up not having to pay taxes on the same money twice. Link to comment Share on other sites More sharing options...
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