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Member Since: 11/2005Last Seen: 11/04/2009
Member Since: 11/2005Last Seen: 11/04/2009
63 Comments
PrintEarnings and International Payments
News Type: Other — Thu Dec 13, 2007 10:56 AM EST
A foreign-based Newsviner reacts to the news.
Photo by Richard Riley. (License: Creative Commons Attribution)
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Earnings and International Payments
Please know that as of January 1, 2008 all payments to international users will require the payee to complete and return an IRS Form W-8BEN or 8233 (for non-U.S. individuals), related to country of residence.
In addition, Newsvine may be required to withhold and deliver to the IRS a withholding tax of 30% of earnings generated by international payees. Users may be able to claim any withheld amounts directly from the U.S. government by following IRS procedure, or as a tax credit on their local jurisdiction income tax return.
The Form W-8 and withholding requirements are mandated by IRS regulations set forth by the U.S. government. The requirement to fill out Form W-8 and related tax withholding applies to all international payees, even in the event the payee chooses to donate the earnings to a charity. Newsvine has no choice in the process and honestly we aren't looking forward to it either.
Newsvine will treat all earnings that are requested between now and January 1, 2008 consistently with past practice. In addition, we are lowering the payment threshold for international contributors from the current level of $25 to $10, until January 1, 2008. We apologize for any inconvenience and we hope that our international users know that we have no choice in the matter, and that we value your contributions.
More details regarding international payments will be released on the Earnings page by January 1, 2008
If you have any questions related to income taxes, please consult your personal tax advisor.
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36
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3.5
{"commentId":1265854,"authorDomain":"Brad-Leclerc"}
*grumble* Paper work.... *grumble* Such is life I suppose.
{"commentId":1265854,"threadId":"188768","contentId":"1154986","authorDomain":"Brad-Leclerc"}
- 9 votes
#1 - Thu Dec 13, 2007 11:16 AM EST{"commentId":1266519,"authorDomain":"tang"}
Do you even live outside the U.S.?
{"commentId":1266519,"threadId":"188768","contentId":"1154986","authorDomain":"tang"}
- 9 votes
{"commentId":1266564,"authorDomain":"winsomecowboy"}
Calvin the fact that you cannot tell is....um....great!
You are so clever!
{"commentId":1266564,"threadId":"188768","contentId":"1154986","authorDomain":"winsomecowboy"}
- 7 votes
{"commentId":1266578,"authorDomain":"Brad-Leclerc"}
I'm in Canada, so in most cases it wouldn't really matter, but according to the IRS, technically yes :P
{"commentId":1266578,"threadId":"188768","contentId":"1154986","authorDomain":"Brad-Leclerc"}
- 4 votes
{"commentId":1266642,"authorDomain":"tang"}
Calvin the fact that you cannot tell is....um....great!
'cannot', or am just too lazy to look? hmmm.....
{"commentId":1266642,"threadId":"188768","contentId":"1154986","authorDomain":"tang"}
- 6 votes
{"commentId":1266708,"authorDomain":"winsomecowboy"}
gosh...we may never know.
or 'may we' depending on individual attitudes.
{"commentId":1266708,"threadId":"188768","contentId":"1154986","authorDomain":"winsomecowboy"}
- 4 votes
{"commentId":1271979,"authorDomain":"Bunabumalii"}
{"commentId":1265882,"authorDomain":"farmer"}
Wonderful, just wonderful! At least we know our tax dollars are helping the IRS with all the paperwork. Poor guys would be lost without us.
{"commentId":1265882,"threadId":"188768","contentId":"1154986","authorDomain":"farmer"}
- 6 votes
#2 - Thu Dec 13, 2007 11:21 AM EST{"commentId":1265895,"authorDomain":"onlineapps"}
Aw man... well, we knew it would come sooner or later.
See why I support Huckabee's FairTax? :-)
{"commentId":1265895,"threadId":"188768","contentId":"1154986","authorDomain":"onlineapps"}
- 4 votes
#3 - Thu Dec 13, 2007 11:23 AM EST{"commentId":1265965,"authorDomain":"prompt"}
Why don't you guys just keep my money until the next Vinemeet, then Calvin you can buy me something fancy.
{"commentId":1265965,"threadId":"188768","contentId":"1154986","authorDomain":"prompt"}
- 4 votes
#4 - Thu Dec 13, 2007 11:38 AM EST{"commentId":1265986,"authorDomain":"Brad-Leclerc"}
Hmm...that gives me an idea! Could newsvine earnings be converted into Newsvine swag instead of getting the cash? I could use a newsvine shirt!
{"commentId":1265986,"threadId":"188768","contentId":"1154986","authorDomain":"Brad-Leclerc"}
- 2 votes
{"commentId":1265996,"authorDomain":"onlineapps"}
That would be awesome!
{"commentId":1265996,"threadId":"188768","contentId":"1154986","authorDomain":"onlineapps"}
- 2 votes
{"commentId":1266415,"authorDomain":"winsomecowboy"}
I want to be in charge of the swaggart. T shirts with quotes like, "forgive me, I have killed more Communists in the service of my country than you will ever have steak dinners."
and "Killing people is mean"
{"commentId":1266415,"threadId":"188768","contentId":"1154986","authorDomain":"winsomecowboy"}
- 4 votes
{"commentId":1266525,"authorDomain":"tang"}
I already looked into that. Swag is still considered "compensation", and would have to be reported. So, prompt, you won't be getting that shipment of American Girl dolls unless you fill out the proper forms.
{"commentId":1266525,"threadId":"188768","contentId":"1154986","authorDomain":"tang"}
- 4 votes
{"commentId":1265993,"authorDomain":"stolte-sawa"}
Damn, now I can't move back to Canada. Great.
Nice photo, BTW.
{"commentId":1265993,"threadId":"188768","contentId":"1154986","authorDomain":"stolte-sawa"}
- 3 votes
#5 - Thu Dec 13, 2007 11:41 AM EST{"commentId":1266527,"authorDomain":"tang"}
Nice photo, BTW.
I know, it's perfect. ;)
{"commentId":1266527,"threadId":"188768","contentId":"1154986","authorDomain":"tang"}
- 2 votes
{"commentId":1266563,"authorDomain":"stolte-sawa"}
I wonder if I can make that face...
{"commentId":1266563,"threadId":"188768","contentId":"1154986","authorDomain":"stolte-sawa"}
- 5 votes
{"commentId":1266722,"authorDomain":"bluemutiny"}
You're the first person to come to mind when I saw that photo, stolte... :)
{"commentId":1266722,"threadId":"188768","contentId":"1154986","authorDomain":"bluemutiny"}
- 3 votes
{"commentId":1266725,"authorDomain":"stolte-sawa"}
Gee, thanks! <:O&cutehat
{"commentId":1266725,"threadId":"188768","contentId":"1154986","authorDomain":"stolte-sawa"}
- 2 votes
{"commentId":1268909,"authorDomain":"bluemutiny"}
...tried yet? 0:-)
{"commentId":1268909,"threadId":"188768","contentId":"1154986","authorDomain":"bluemutiny"}
- 1 vote
{"commentId":1269529,"authorDomain":"raatkiraani"}
Ryan - like Robbie, you're the first person I thought of when seeing that photo. Do you think it is a likeness to you?
Calvin - thanks. for not a lot.
I guess it was inevitable it would come our way. Hate paperwork, especially when it is related to what is for most of us a leisure time pursuit. I reckon the IRS will end up keeping a fair bit of the chunk they get as most Viners will not bother with claiming amounts that will be pennies in the main.
{"commentId":1269529,"threadId":"188768","contentId":"1154986","authorDomain":"raatkiraani"}
- 5 votes
{"commentId":1269568,"authorDomain":"stolte-sawa"}
Ryan - like Robbie, you're the first person I thought of when seeing that photo. Do you think it is a likeness to you?
That's so weird, The Scream queen looks nothing like me.
{"commentId":1269568,"threadId":"188768","contentId":"1154986","authorDomain":"stolte-sawa"}
- 3 votes
{"commentId":1269620,"authorDomain":"mridulchadha"}
The Scream queen looks nothing like me.
Yes but same thing happened to me too, i also thought about you. But when i look at the pic i can't find much resemblance but it seemed you the first time.
{"commentId":1269620,"threadId":"188768","contentId":"1154986","authorDomain":"mridulchadha"}
- 4 votes
{"commentId":1269666,"authorDomain":"stolte-sawa"}
...WTF?
{"commentId":1269666,"threadId":"188768","contentId":"1154986","authorDomain":"stolte-sawa"}
- 4 votes
{"commentId":1269757,"authorDomain":"mridulchadha"}
I have seen some of the Vine Meet pics & you look much cuter than her :)
{"commentId":1269757,"threadId":"188768","contentId":"1154986","authorDomain":"mridulchadha"}
- 4 votes
{"commentId":1269785,"authorDomain":"stolte-sawa"}
I have seen some of the Vine Meet pics & you look much cuter than her :)
Awwe, thanks Mridul. I'm still concerned, though...why does this girl remind everyone of me?
{"commentId":1269785,"threadId":"188768","contentId":"1154986","authorDomain":"stolte-sawa"}
- 3 votes
{"commentId":1269851,"authorDomain":"mridulchadha"}
Hey you should be happy, everybody remembers you ;)
Well i must say that like everybody else i also find you to be full of humor; maybe that's why you are remembered so much. So take it as a positive :)
{"commentId":1269851,"threadId":"188768","contentId":"1154986","authorDomain":"mridulchadha"}
- 5 votes
{"commentId":1269870,"authorDomain":"stolte-sawa"}
Awwe...jeez...thanks. :)
{"commentId":1269870,"threadId":"188768","contentId":"1154986","authorDomain":"stolte-sawa"}
{"commentId":1266033,"authorDomain":"bigmomma"}
Well that makes me glad I live in the Good Ole' USA!
{"commentId":1266033,"threadId":"188768","contentId":"1154986","authorDomain":"bigmomma"}
- 3 votes
#6 - Thu Dec 13, 2007 11:52 AM EST{"commentId":1269332,"authorDomain":"vinnl"}
Makes me glad not too, with their stupid rules... In fact, all would be better if Newsvine wouldn't be US-based too, then we wouldn't have these problems :)
(Yes, we have stupid rules too ;)
{"commentId":1269332,"threadId":"188768","contentId":"1154986","authorDomain":"vinnl"}
- 1 vote
{"commentId":1266923,"authorDomain":"paperdragon"}
all payments to international users will require the payee to complete and return an IRS Form W-8BEN or 8233 (for non-U.S. individuals), related to country of residence.
I'm a US citizen living overseas. Do I need to fill out one of these?
{"commentId":1266923,"threadId":"188768","contentId":"1154986","authorDomain":"paperdragon"}
- 5 votes
#7 - Thu Dec 13, 2007 3:22 PM EST{"commentId":1267410,"authorDomain":"tang"}
I believe so, though you should consult your tax advisor and wait until we post full details.
{"commentId":1267410,"threadId":"188768","contentId":"1154986","authorDomain":"tang"}
- 3 votes
{"commentId":1268623,"authorDomain":"davidmcgirr"}
please consult your personal tax advisor.
Someone would hire a tax advisor for 6 dollars they earned on the internet?
I have cigarettes and an alcohol addiction to be spending money on. When my earnings hit 10,000 dollars let me know. I'll redeem them then.
-Dave
{"commentId":1268623,"threadId":"188768","contentId":"1154986","authorDomain":"davidmcgirr"}
- 4 votes
{"commentId":1272007,"authorDomain":"Bunabumalii"}
{"commentId":1267063,"authorDomain":"cartooncat"}
Can anyone provide a link to the forms (assuming they're online somewhere)?
What does it actually involve?
{"commentId":1267063,"threadId":"188768","contentId":"1154986","authorDomain":"cartooncat"}
- 2 votes
#8 - Thu Dec 13, 2007 3:55 PM EST{"commentId":1267427,"authorDomain":"tang"}
A quick google search yields:
{"commentId":1267427,"threadId":"188768","contentId":"1154986","authorDomain":"tang"}
- 5 votes
{"commentId":1268864,"authorDomain":"cartooncat"}
Thanks for finding the forms, Calvin.
Here's my take on it.
For the sums involved it's unlikely to be attractive for any overseas Viners to start registering all this information with the US government - which I understand we need to do even if we choose to donate to charity. Also, it will cost more to the US government to process all the forms than they will receive in tax revenue for doing so. In short - the system is stupid, unless we're individually making a few hundred bucks a month. Which I guess hardly anyone is.
So we need to find some sort of route round this - either which allows overseas Viners to get their earnings from somewhere else (an overseas/offshore subsidiary perhaps?) or have an opt-out clause which enables the overseas Viners collectively to have their earnings donated centrally by Newsvine (but not individually involving form filling).
Whatever - this US tax form system is not a viable option.
{"commentId":1268864,"threadId":"188768","contentId":"1154986","authorDomain":"cartooncat"}
- 6 votes
{"commentId":1268898,"authorDomain":"winsomecowboy"}
a collective NZ timeshare?
{"commentId":1268898,"threadId":"188768","contentId":"1154986","authorDomain":"winsomecowboy"}
- 2 votes
{"commentId":1268908,"authorDomain":"bluemutiny"}
One word.
K'Road.
{"commentId":1268908,"threadId":"188768","contentId":"1154986","authorDomain":"bluemutiny"}
- 1 vote
{"commentId":1268929,"authorDomain":"Pasi"}
{"commentId":1270509,"authorDomain":"winsomecowboy"}
K road,?? you think newsviners are going to bother flying out to NZ, spending 12/16 hours+ in a plane to take a $30/40 taxi into town for a handjob?
I presume your a citizen, as am I, as are a few here, with written permission we'd just go shopping with the long tail of Newsvine chump change.
Reefton is cheap.
{"commentId":1270509,"threadId":"188768","contentId":"1154986","authorDomain":"winsomecowboy"}
- 2 votes
{"commentId":1270635,"authorDomain":"cartooncat"}
I expect Calvin was actually hoping for an offshore HQ on the Caymen Islands....
{"commentId":1270635,"threadId":"188768","contentId":"1154986","authorDomain":"cartooncat"}
- 2 votes
{"commentId":1271230,"authorDomain":"bluemutiny"}
It's cheap, exactly.
Te Anau is more inviting for overseas retirees.
But you're right - apparently the handjobs there aren't as good as Sweden.
{"commentId":1271230,"threadId":"188768","contentId":"1154986","authorDomain":"bluemutiny"}
- 1 vote
{"commentId":1275336,"authorDomain":"raatkiraani"}
Tax matters and handjobs - how did the conversation veer so? Oh I know. It's Newsvine...
{"commentId":1275336,"threadId":"188768","contentId":"1154986","authorDomain":"raatkiraani"}
- 3 votes
{"commentId":1276375,"authorDomain":"bluemutiny"}
I could make a crack at government agents about now...
{"commentId":1276375,"threadId":"188768","contentId":"1154986","authorDomain":"bluemutiny"}
- 1 vote
{"commentId":1267721,"authorDomain":"chumsuet"}
Is it actually worth the bother for the $5.62 I've earned I ask myself, or do I just donate the cash to charity and stay on Newvine for sheer enjoyment?
{"commentId":1267721,"threadId":"188768","contentId":"1154986","authorDomain":"chumsuet"}
- 2 votes
#9 - Thu Dec 13, 2007 6:50 PM EST{"commentId":1269340,"authorDomain":"vinnl"}
The problem is that you also have to go through all this if you want to donate it to charity...
{"commentId":1269340,"threadId":"188768","contentId":"1154986","authorDomain":"vinnl"}
- 2 votes
{"commentId":1268120,"authorDomain":"bluejohnnyd"}
I wasn't aware there was a tariff on imports of smarts :)
About explains the state of education, though.
{"commentId":1268120,"threadId":"188768","contentId":"1154986","authorDomain":"bluejohnnyd"}
- 2 votes
#10 - Thu Dec 13, 2007 8:48 PM EST{"commentId":1268222,"authorDomain":"ih2005"}
Great! I was looking for something more to do.
Vote and support Huckabee ( snipr.com /dollars4huck ) and support the FairTax ( snipr.com /becomeamember )
{"commentId":1268222,"threadId":"188768","contentId":"1154986","authorDomain":"ih2005"}
- 1 vote
#11 - Thu Dec 13, 2007 9:20 PM EST{"commentId":1268304,"authorDomain":"mridulchadha"}
Newsvine may be required to withhold and deliver to the IRS a withholding tax of 30% of earnings generated by international payees.
So is there a possibility that it might not happen.
{"commentId":1268304,"threadId":"188768","contentId":"1154986","authorDomain":"mridulchadha"}
- 5 votes
#12 - Thu Dec 13, 2007 9:46 PM EST{"commentId":1268687,"authorDomain":"silkmesh"}
This get complicated, I live in South East Asia but I originate from Great Britain. Why should I fill out a form anyway, suggest you move your server out of the USA then tax would not be a problem. The USA government is trying to rule the internet, that sucks.
{"commentId":1268687,"threadId":"188768","contentId":"1154986","authorDomain":"silkmesh"}
- 5 votes
#13 - Thu Dec 13, 2007 11:52 PM EST{"commentId":1268892,"authorDomain":"Pasi"}
{"commentId":1269844,"authorDomain":"irma"}
Is it possible to transfer any earnings to a fellow Newsviner, provided they would want to accept? For me personally it wouldn't be worth the hassle of filling in whatever forms.
Unless this is a wicked trick to get international Newsviners more involved, so they'll earn more, and it becomes worth the hassle ... :-p
I'm curious to see whether this will actually change participation by non US Viners ...
There won't be another pay out this year, right?
{"commentId":1269844,"threadId":"188768","contentId":"1154986","authorDomain":"irma"}
- 4 votes
#15 - Fri Dec 14, 2007 11:24 AM EST{"commentId":1270482,"authorDomain":"djd"}
The way the dollar's going, a hassle is worth a lot more Irma :)
{"commentId":1270482,"threadId":"188768","contentId":"1154986","authorDomain":"djd"}
- 3 votes
{"commentId":1272500,"authorDomain":"ISPY"}
I asked Calvin that a while ago he said no. I dont know why we care Irma, I really dont want to touch those dirty USD's and the Idea that the Filthy IRS will be taking a slice, means that I dont want the money at all. They'll only spend it on Cocaine.
While I dont care about this Calvin, I regard this as a rather nasty little act, What about people who live in third world countries that earn 40ยข per day. Now the US wants to Tax them. What a nasty spiteful bunch of multi billionaires. Its like asking someone to pay for the bullets that they are going to be shot with. How low can they sink, China sends the family of the executed prisoner the bill for the bullets.
{"commentId":1272500,"threadId":"188768","contentId":"1154986","authorDomain":"ISPY"}
- 4 votes
{"commentId":1273599,"authorDomain":"paperdragon"}
Let's be fair to Calvin, though.
My last payment came from MCNBC.com. This is their deal.
{"commentId":1273599,"threadId":"188768","contentId":"1154986","authorDomain":"paperdragon"}
- 5 votes
{"commentId":1277821,"authorDomain":"ISPY"}
Well one thing is for sure, our language is about to get a lot more colourful now we wont be losing earnings because of the profanity filter. We can all swear like drunken troopers as of the 1st of Jan. :)
{"commentId":1277821,"threadId":"188768","contentId":"1154986","authorDomain":"ISPY"}
- 1 vote
{"commentId":1270097,"authorDomain":"gopikrishnan"}
{"commentId":1270457,"authorDomain":"djd"}
This is choice - I get taxed for something I do outside the US by the US - next thing you know I'll be extradited for evading 25c. or something and have to plea-bargain my way out of chokey after a quick waterboarding. I was going to claim my earnings and donate to a UK charity, which would make it tax-exempt here I believe and would certainly result in an extra donation from our chancellor to that charity from my paid taxes. Forget it - those orange boiler suits the Empire dresses its cons in clash with my beard.
{"commentId":1270457,"threadId":"188768","contentId":"1154986","authorDomain":"djd"}
- 11 votes
#17 - Fri Dec 14, 2007 1:53 PM EST{"commentId":1273685,"authorDomain":"bluemutiny"}
Thank you, MSNBC.
*mutters something about corporate whores and trots off down memory lane*
{"commentId":1273685,"threadId":"188768","contentId":"1154986","authorDomain":"bluemutiny"}
- 7 votes
#18 - Sat Dec 15, 2007 4:40 PM EST{"commentId":1278478,"authorDomain":"Bunabumalii"}
{"commentId":1317027,"authorDomain":"tang"}
UPDATE: The new policy will go into effect on February 1, instead of tomorrow. We're still working through the legal muck of how things have to work.
{"commentId":1317027,"threadId":"188768","contentId":"1154986","authorDomain":"tang"}
- 3 votes
#20 - Mon Dec 31, 2007 8:26 PM EST{"commentId":1317530,"authorDomain":"Pasi"}
{"commentId":1340543,"authorDomain":"cartooncat"}
So when will October earnings be paid out? I requested mine on 14 December, so I was expecting they'd be paid on 20th Dec, like it says on the payment page. But they haven't arrived yet - and they don't seem to have been paid on the 5th Jan either :-(
{"commentId":1340543,"threadId":"188768","contentId":"1154986","authorDomain":"cartooncat"}
- 1 vote
{"commentId":1340750,"authorDomain":"Pasi"}
{"commentId":1695099,"authorDomain":"ultimategfx"}
Quick question while I'm here. Hopefully this article is still open for discussion.
If I were to transfer what I had earned to someone in the United States for them to send it back to me would this be a problem? Filling out forms is just not viable for any international users here and I'd be more comfortable by getting someone I know in America to take it for me and pass it on.
{"commentId":1695099,"threadId":"188768","contentId":"1154986","authorDomain":"ultimategfx"}
- 2 votes
#21 - Tue Apr 15, 2008 4:32 PM EDT{"commentId":3379702,"authorDomain":"jessicaygentry"}
Confused!?! I saw the tab that said "Earnings", clicked it and became confused. What is earnings and how do I get some?LOL! Really, what are they and how does the whole concept work?????
{"commentId":3379702,"threadId":"188768","contentId":"1154986","authorDomain":"jessicaygentry"}
- 1 vote
#22 - Wed Oct 8, 2008 11:53 AM EDT{"canLink":false,"threadId":"188768","isPrivate":false}
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