Quote:
Originally Posted by Jet Set Cat
Sorry but I still disagree and maintain that MFC would have to be nuts if they are not deducting that 30% and it has nothing to do with capital gains or interest payments. I?m talking about a US based company whose income was generated by a foreign person.
?a foreign person is subject to U.S. tax on its U.S. source income?.
CCBill considers itself just a processor for the transaction and not any particular foreign person?s source of income, unless of course their employees who I am sure pay income tax.
As for the models responsibility to file taxes in Spain is totally irrelevant, the IRS could less about that.
|
https://www.irs.gov/uac/Form-W-8BEN,...ax-Withholding
https://www.irs.gov/instructions/iw8ben/index.html
Don't get accounting advise from GFY. Pay an accountant or figure this out yourself.
Only US entities are generally bound to US tax laws. Payment processing is not a taxable transaction unless there is an IRS or Tax Court order that would attach proceeds.
In order to have US processing you need to be a US entity ( LLC or Corporation). Any US entity, even if a foreign incorporation, has domicile in the USA and must file a tax return. Get a CPA to deal with it and pay him ...