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#1
04-18-2004, 03:32 PM
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 Re: Overseas expense "Shabam" <blislecp[at]hotmail.com> wrote in news:107pu9vc8ra7558 - quote - > Suppose Joe has outsourced some work to a foreign company
Still at it ehhhhh?> and it cost him a total of $10,000 in his business. How > does he go about deducting this cost? Is it a straight > deduction or is there more to this? Also, does he need some > form of proof that this foreign Firm exists? ================================================== =================== Subject: Re: Foreign outsourcing Newsgroups: Verizon:misc.taxes To: Shabam <blislecp[at]hotmail.com "Shabam" <blislecp[at]hotmail.com> wrote in - quote - > Suppose Joe has outsourced some work to an Indian company and it cost
Gee your post looks familiar...> him a total of $10,000 in his business. How does he go about > deducting this cost? Is it a straight deduction or is there more to > this? Also, does he need some form of proof that this Indian Firm > exists? ================================================== =================== Subject: Re: Outsourcing how to deduct Newsgroups: Verizon:misc.taxes,us.taxes To: Shabam <blislecp[at]hotmail.com "Shabam" <blislecp[at]hotmail.com> wrote in - quote - > Suppose Joe has outsourced some work to an Indian company and it cost
If Joe has set up outsourcing Joe must have had some pro> him a total of $10,000 in his business. How does he go about > deducting this cost? Is it a straight deduction or is there more to > this? Also, does he need some form of proof that this Indian Firm > exists? help doing this. Joe is a cheap [...] who [......] Americans. Now Joe wants free help from Americans on how to not pay taxes to America. Joe should take his taxes to the pro. There is a good chance from what I read lately that they will collect his info and send it to India to be done. I'm sure Joe will be comfortable with this since he is so comfortable with their work he outsourced in the first place. I pray to Raj, or whoever their head honcho in the sky is, that the bastard gets audited. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-15-2004, 05:58 AM
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| Re: Overseas expense Shabam wrote: - quote - > Suppose Joe has outsourced some work to a foreign company
There is no special proof required. A canceled check and the> and it cost him a total of $10,000 in his business. How > does he go about deducting this cost? Is it a straight > deduction or is there more to this? Also, does he need some > form of proof that this foreign Firm exists? associated invoice would suffice unless there is some reason to suspect the existence of the company. -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-14-2004, 08:41 AM
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| Overseas expense Suppose Joe has outsourced some work to a foreign company and it cost him a total of $10,000 in his business. How does he go about deducting this cost? Is it a straight deduction or is there more to this? Also, does he need some form of proof that this foreign Firm exists? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| expense, overseas |
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