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If you have a website or blog, the advertisement is the main thing that provides blood to your website in terms of affiliate money. You must be wandering to get affiliated with top level business opportunities providers. Most of the people who have their website and they eager to earn through affiliate programs to earn commission by placing the Advertisement or text links from any business giant company. But a large number of the website or blogs owners, either avoid to be an affiliate or failed to get commission when they come to submit a Tax form W-8BEN that must be submitted as a requirement for the affiliate members that are non US residents but making money from USA online business companies.
What is IRS W-8BEN? why it must be filled and submitted for getting paid affiliate income to Non USA resident affiliate members?
W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding)
Of course, it is a requirement that must be completed prior getting paid by the company. Here comes the real problem for the people who either don’t know about this W-8BEN Tax Form or they are confused when they come to know that it is a Tax form. Another big reason to avoid by the people is that they don’t exactly understand about the Tax Form and the reason why it is must for non US affiliate members.
In addition to that, it is also true that the W-8BEN Tax form seems very complicated to the affiliate who does not know about the rules and laws that apply to the Tax form. There are couple of more reasons why people avoid to be a part of any such online business entity just because of the Tax matter.
Well, if you still planing to avoid being an affiliate with any online business provider, sit back and let me tell you that this is a very simple to fill the IRS W-8BEN Tax Form. Although, the questions are some times beyond the knowledge for every one who does not know what is the best answer of a particular question, yet you have to pay attention to the ingredients of the legal form.
If you have an affiliate member account with Godaddy, you might get confused more than an affiliate member with other online business opportunity providers. The reason is, Godaddy ask you to fill the most suitable form by your own selection. Godaddy provide with the download links for two forms instead of one W-8BEN Tax form and W-8BEN Instructions. The second Tax form is W-8ECI Form and its instructions W-8ECI Instructions.
Wait a moment, if you are confused about which is the best form to be filled by you, Don’t be confused because
“Usually W-8BEN Tax form best describes your affiliation status”
and most of the online business companies unlike Godaddy, advice or suggest the same form precisely when you are from Asian regional countries Pakistan, India, Bangladesh, SriLanka etc.
Unlike Godaddy, Bluehost and hostgator also offer the same W-8BEN Tax form to be filled at the time of Signing up for the Affiliate program. These forms are tailored to avoid complications and confusions that new affiliates may have when they come across the Tax Form. Comparatively other online companies like bluehost.com and hostgator.com provide easy to understand method for this particular form which is quit difficult to understand at Godaddy.com.
Moreover Godaddy ask you to download, fill and submit W-8BEN Tax form after you are signed up and become an affiliate and have earned commission by referring visitors to Godaddy that converted into sales. This is the difference between Godaddy affiliate program and the others.
Note: I hope you have understand W-8BEN. In the next article I’ll explain you how to fill this form and submit to the relevant department for getting paid online from the best affiliate programs.