You must get an IP PIN to file your current or prior year returns in 2015 if: 1  You received a CP01A Notice with your new IP PIN and you lost it, or. 2  You had an IP PIN in a prior tax year and you didnât receive a new one this year, or.
Royalty Payment to a Nonresident Alien. A royalty is income derived from the use of the taxpayer's property. A royalty payment must relate to the use of a valuable right. According to the IRS, tax must be withheld on the payment of royalties from sources in the United States.
As a result, there are four types of royalties you will see on your monthly royalty statement: 1  Retail Royalties: When we sell a book at full list price, you will earn 30% of the sale.  Wholesale Royalties: 15% on returnable wholesale orders sold at 40 percent off cover to bookstores.