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Thread: Report Taxs From a Non US Company

  1. #1
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    Default Report Taxs From a Non US Company

    I may have missed it in searchs. Taxs have me so confusd. I live in the US. I cam fro xpeeps so will thy send a 1099? I am starting on SM they are no us so they wont. Do I have to claim them? I hav always done my own taxes but may look into getting them don next year

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    God/dess Zofia's Avatar
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    Default Re: Report Taxs From a Non US Company

    Yes, you have to claim all your income. Does everyone? No. That's why the IRS has auditors and if necessary law enforcement powers. For odd income that does not flow with a 1099, I just make up a dummy 1099 in Turbotax. That way if I get audited, I have a record of whom I think paid me. I also make contemporaneous deposits into my designated business account. (From which I pay all my business expenses. That way the business books and the business checking account balance.)


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    Z

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    Senior Member Coastie Joe's Avatar
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    Default Re: Report Taxs From a Non US Company

    If you live.in the US you are going to pay taxes unless you have a specific exemption.
    Death and taxes two definate parts of life
    Last edited by Coastie Joe; 03-15-2012 at 03:56 AM.
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    Banned Melonie's Avatar
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    Default Re: Report Taxs From a Non US Company

    Actually, new IRS regulations regarding foreign banks transferring money across the border to US citizens has forced StreaMates to start issuing 1099's this year.

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