| nick_harland |
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Apr 19, 08, 11:08AM
| #1 |
Joined: Mar 6, 08
Threads: 2
Posts: 4
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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?
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| Lavinia |
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Apr 19, 08, 02:16PM
| #2 |
Joined: Aug 7, 07
Threads: 4
Posts: 547
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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
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| sarah palin |
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Oct 24, 08, 07:05PM
| #3 |
Joined: Oct 24, 08
Posts: 3
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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?
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| WritersBeware |
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Edited by: WritersBeware Oct 24, 08, 07:25PM
| #4 |
Joined: Apr 19, 07
Threads: 143
Posts: 8,350
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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.
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| Lavinia |
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Oct 26, 08, 06:43PM
| #5 |
Joined: Aug 7, 07
Threads: 4
Posts: 547
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Yup, electronic earnings are certainly still taxable.
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