Announcement

Collapse
No announcement yet.

Tax issue with US bank account

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Tax issue with US bank account

    I run my online store from outside of USA.I am not an US citizen and not located in USA. Many customers of my store are from USA. Currently my store processes payments via third party credit card processing companies like PayPal and 2Checkout. Both are US companies.

    There is chance for me to open a US bank account so the funds from 2Checkout and PayPal can be deposited to the account. But I am not sure if I need to pay US taxes for that? What if I use my friends address (in USA) for the mailing and billing address for the US bank account?

    Any help or suggestion is appreciated. Thanks.
    Tags: None
    #2
    Not a tax related question

    This is really not a question relating to tax preparation. I'm not sure where you would go for this information. But I don't think this is the correct forum.

    Linda F

    Comment

      #3
      Sounds like you need legal advice, not tax advice.
      Dave, EA

      Comment

        #4
        Actually you need people that deal in international issues..............
        This post is for discussion purposes only and should be verified with other sources before actual use.

        Many times I post additional info on the post, Click on "message board" for updated content.

        Comment

          #5
          Originally posted by BOB W View Post
          Actually you need people that deal in international issues..............
          Indeed. As in people who are accustomed to recharacterising liquid funds...repeatedly..before the funds reach their...well..'havens' pops to mind for some bizarre reason.

          Comment

          Previous template Next

          Disclaimer

          Collapse

          This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

          Working...
          X