Quote:
Originally Posted by virtuallyloud
Thanks for the reply. My concern is how do I report the income to the US government? Lets say I paid out 20k overseas. When I go to pay my taxes I do not want to be taxed on the 20k. What do I tell the IRS I did with the money.
VL-
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Its considered an expense, so a date of payment and a receipt of proof should work.