Monetizing content on platforms such as YouTube, Twitch or Fortnite is a global business, but the IRS's automatic 30% withholding on your earnings could jeopardize your income.
As most platforms are based in the US, they are obliged to withhold US source taxes. The good news? With the strategic use of Form W-8BEN and the U.S. Nonresident Alien Income Tax Return, it is possible to turn this withholding into a tax credit.
We treat your income as ECI (Effectively Connected Income), allowing you to deduct expenses for equipment, internet and marketing. At CR Accounting, we help you recover excess withholding and maximize your international profits.
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