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Shoplifter · 10-13-2002, 01:16 PM

I have heard a few people mention what CoolE has said above and that a W-7 registration is required. It will maybe take two months to do this.

I have also heard interpretations of this registration in which after obtaining the ITIN that person would be obliged to report all earnings worldwide to the IRS.

In any event for a Canadian webmaster who has no options in his
region this is bad news. If you are lucky to get everything sorted out by November 1st you may just find that you are not compliant anyways simply because your new LLC is foreign owned. And of course you may be stepping into a taxation nightmare.

I would put the probability of any Canadian webmaster holding on to their rebills or even their businesses at a pretty low order.
And to top it off I am aware that many of the larger companies are
working very hard to shut down any loophole IPSP's that might be exploited. Probably the only option will be obtaining one's own merchant account, but even this may be against the rules for Canadians.

I hope I am wrong, and I hope anyone who has any ideas will post them. My current IPSP seems to have adopted a clenched mouthed and liability limiting "if you can't meet the requirements, whatever they are, you are fucked" attitude.

10-13-2002, 01:16 PM
Shoplifter Richest man in Babylon Industry Role: Join Date: Jan 2002 Location: Posts: 10,002 Posts: 5,728	I have heard a few people mention what CoolE has said above and that a W-7 registration is required. It will maybe take two months to do this. I have also heard interpretations of this registration in which after obtaining the ITIN that person would be obliged to report all earnings worldwide to the IRS. In any event for a Canadian webmaster who has no options in his region this is bad news. If you are lucky to get everything sorted out by November 1st you may just find that you are not compliant anyways simply because your new LLC is foreign owned. And of course you may be stepping into a taxation nightmare. I would put the probability of any Canadian webmaster holding on to their rebills or even their businesses at a pretty low order. And to top it off I am aware that many of the larger companies are working very hard to shut down any loophole IPSP's that might be exploited. Probably the only option will be obtaining one's own merchant account, but even this may be against the rules for Canadians. I hope I am wrong, and I hope anyone who has any ideas will post them. My current IPSP seems to have adopted a clenched mouthed and liability limiting "if you can't meet the requirements, whatever they are, you are fucked" attitude.