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-   -   epassporte income taxable? (https://gfy.com/showthread.php?t=215600)

reynold 01-01-2004 12:30 PM

epassporte income taxable?
 
This may seem like a stupid question so bear with me. If I am an American residing in Europe and an american client pays me via epassporte to my epassporte account, is the income still taxable? or has it in effect been "offshored"?

Pleasurepays 01-01-2004 12:38 PM

Quote:

Originally posted by reynold
This may seem like a stupid question so bear with me. If I am an American residing in Europe and an american client pays me via epassporte to my epassporte account, is the income still taxable? or has it in effect been "offshored"?
any income you earn world wide as a US Citizen is taxable. get an accountant before you go to jail.

pradaboy 01-01-2004 01:02 PM

and if you're european? no tax right?

Pleasurepays 01-01-2004 03:50 PM

Quote:

Originally posted by pradaboy
and if you're european? no tax right?
you are always liable for taxes in your country of residence if they have an income tax. you make money... you pay taxes.

- AFN - 01-01-2004 04:07 PM

Try online accounting/bookkeeping sites to keep your books in order so you don't get fucked WHEN (not if) the taxman comes knocking, try http://www.sbsuite.com

Kimmykim 01-01-2004 05:42 PM

ePassporte is no different than any other sponsor payout -- if your sponsor is a US company they will probably 1099 you anyway.

Vitasoy 01-01-2004 05:44 PM

Quote:

Originally posted by Pleasurepays


you are always liable for taxes in your country of residence if they have an income tax. you make money... you pay taxes.

yep, :-)

almighty 01-01-2004 05:47 PM

open a bank account put 30% in it of all checks then at end of yr it earned some cash then ya can pay the taxes and have a few bucks to boot also US says if it is under $600 ya dont have to claim it

davidd 01-01-2004 06:10 PM

Quote:

Originally posted by almighty
open a bank account put 30% in it of all checks then at end of yr it earned some cash then ya can pay the taxes and have a few bucks to boot also US says if it is under $600 ya dont have to claim it
Anyone seriously attempting to take the above advice - DON'T. Every salvo put forth is incorrect.

$5 submissions 01-01-2004 06:12 PM

Quote:

Originally posted by Pleasurepays


any income you earn world wide as a US Citizen is taxable. get an accountant before you go to jail.

This, unfortunately, is true. BUT if you get a good accountant without the flim flam offshore stuff, you'd be okay.


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