Let's first deal with the bad news.
It would appear there is some confusion at
Smashwords regarding their relationship with some of their international clients. While many individuals who use Smashwords as a delivery system for their eBooks are independent authors, there are also many small publishers using Smashwords. Five Rivers is one of those.
As a foreign individual using Smashwords (as with
Lulu) the IRS requires a 30% withholding tax, unless a requisite
ITIN and then subsequent
W8-B...
Published on April 16, 2010 04:06