Tax issue with US bank account

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  • tifire
    Junior Member
    • Feb 2008
    • 1
    #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
    • oceanlovin'ea
      Senior Member
      • Jun 2005
      • 2682
      #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

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        • dsi
          Senior Member
          • Dec 2005
          • 705
          #3
          Sounds like you need legal advice, not tax advice.
          Dave, EA

            Comment

            • BOB W
              Senior Member
              • Jun 2005
              • 4061
              #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

                • bertrans
                  Senior Member
                  • May 2007
                  • 198
                  #5
                  Originally posted by BOB W
                  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.

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