Paying tax on writing

nick_harland Joined: Mar 6, 08 Threads: 2 Posts: 4	Apr 19, 08, 11:08AM ¦ #1 Im thinking of moving to the US and continue to write. If the company is based overseas then would i need to pay US Tax?
Lavinia Joined: Aug 7, 07 Threads: 4 Posts: 549	Apr 19, 08, 02:16PM ¦ #2 The short answer is yes. The IRS wants you to report income from anywhere around the world. Assuming that you would file as a self employed individual (Section C), then there are limitations. For example, if you earn less then 300$ from a company, they won't tax that. You can find information on taxes and foreign income here: http://www.irs.gov/businesses/article/0,,id=180946,00.html
sarah palin Joined: Oct 24, 08 Posts: 3	Oct 24, 08, 07:05PM ¦ #3 Would you have to report income to the IRS if you were completing solely online research in electronic format or only for actual paper based research?
WritersBeware Joined: Apr 19, 07 Threads: 110 Posts: 6232	\| Edited by: WritersBeware Oct 24, 08, 07:25PM ¦ #4 As far as I know, if you make over $300 from a given employer, you must pay taxes. It doesn't matter "how" you made it.
Lavinia Joined: Aug 7, 07 Threads: 4 Posts: 549	Oct 26, 08, 06:43PM ¦ #5 Yup, electronic earnings are certainly still taxable.

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