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What needs to be done with: Foreign person's us source income subject to withholding?
I've received this form from Amazon Digital Services for book royalties. "Foreign Person's US Source Income Subject to Withholding." Do I need to declare this to Inland Revenue (the NZ IRS). What will they do with it? Was I supposed to declare it before the financial tax year ended? Because it ended yesterday...will I get late filing fees?
If I owe the US a tax return, how do I do that? And what does this mean? Ahhh so confused. I actually work with taxes everyday and I still don't understand this.
1 Answer
- Anonymous8 years agoFavorite Answer
They mean they withheld US taxes because you owe the US a US tax return. It may or may not have been reported to NZ, probably not.