August 16, 2017

Colleagues of mine from all over the world regularly comment on

their tax-related interactions (particularly the early ones) with

U.S.-based clients. It seems that such interactions tend not to go

very smoothly. Here are some observations on what seems most

worth knowing in advance on the subject.

If tax form W-8BEN is not submitted by you to a U.S. client, th...

August 9, 2017

Suppose that the IRS receives a form stating that someone, a client of yours, paid some stated amount to you last year. Does the IRS learn from this that the payment was made to you for services in particular, and was demonstrably in the amount cited on the form? Probably and not necessarily, respectively.

It is true that the instructions for form 1099-MIS...

August 6, 2017

For a business user regularly dealing with international currencies, PayPal can be a particularly attractive payment intermediary. True, its main menu is suggestive of potential problems on the user-friendliness front (the options “Summary Money Activity Reports Tools More Help” displayed along the top left half being arguably more confusing than clear),...

August 6, 2017

True or false: that if you receive non-wage income this year, then also this year you will be called on to make estimated tax payments pegged to this year’s income, and will even be liable for penalties if your estimated tax payments fall short of this level? False, of course. Yet I regularly see people new to freelancing getting “informed” that it is tru...

August 6, 2017

Although the change-tracking features of Microsoft Word are usually at top of mind for the typical working editor, reliance on these features (and indeed the use of Word) may not be indispensable in every case. The client may possibly be fine with reviewing and either accepting or rejecting any tracked changes (or may not care to see any tracking) while w...

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